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[size=36]Jordan receives a discount on Iraqi oil worth $7 million[/size]
Economy | 09:31 - 02/07/2024
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Mawazine News - Baghdad
The value of Jordan’s imports of Iraqi oil last January amounted to about 29.8 million dollars, according to data from the Iraqi SOMO Oil Company, compared to about 20.6 million in the same period last year 2023.
Thus, oil imports from Iraq have increased by 45%. During the past month compared to the same period last year.
According to SOMO company data, this value was compared to the supply of about 464.3 thousand barrels last month at a rate of 14.9 thousand barrels per day, at a time when the average selling price was $64.3 per barrel, while the quantities in the corresponding month of last year were about 309.5 thousand barrels at an average price of 75.6. $.
The company's sales to Jordan last month constituted about 0.3% of the total value of its sales in the same period, which amounted to about $8.02 billion, and 0.4% of the company's entire export volume, which amounted to about 103.5 million barrels, while the average selling price was about $77.5 per barrel.
It is noteworthy that Jordan buys Iraqi oil at prices lower than the global market at $16 per barrel, which means that Jordan received a discount of approximately $7 million last month.
The value of Jordan’s imports of Iraqi oil last January amounted to about 29.8 million dollars, according to data from the Iraqi SOMO Oil Company, compared to about 20.6 million in the same period last year 2023.
Thus, oil imports from Iraq have increased by 45%. During the past month compared to the same period last year.
According to SOMO company data, this value was compared to the supply of about 464.3 thousand barrels last month at a rate of 14.9 thousand barrels per day, at a time when the average selling price was $64.3 per barrel, while the quantities in the corresponding month of last year were about 309.5 thousand barrels at an average price of 75.6. $.
The company's sales to Jordan last month constituted about 0.3% of the total value of its sales in the same period, which amounted to about $8.02 billion, and 0.4% of the company's entire export volume, which amounted to about 103.5 million barrels, while the average selling price was about $77.5 per barrel.
It is noteworthy that Jordan buys Iraqi oil at prices lower than the global market at $16 per barrel, which means that Jordan received a discount of approximately $7 million last month.
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