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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Iraq renews Jordan oil deal.. Two reasons behind $16 per barrel discount

    Rocky
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    Iraq renews Jordan oil deal.. Two reasons behind $16 per barrel discount Empty Iraq renews Jordan oil deal.. Two reasons behind $16 per barrel discount

    Post by Rocky Mon 22 Jul 2024, 4:00 am

    [size=35][size=35]Iraq renews Jordan oil deal.. Two reasons behind $16 per barrel discount[/size]
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    Economy

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    2024-07-22 | 04:37
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    Alsumaria News - Economy

    Jordanian Minister of Energy and Mineral Resources Saleh Al-Kharabsheh announced Iraq's approval to extend the memorandum of understanding for the supply of crude oil signed between the two countries until June 26, 2025, while indicating that the price will be $16 less than Brent due to the difference in quality and transportation costs.


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    Minister Al-Kharabsheh said, "In accordance with the extension of the memorandum of understanding signed on 5/4/2023, the Kingdom will be supplied with no more than 15,000 barrels per day based on the monthly Brent crude oil rate minus $16 per barrel, to cover the quality difference and transportation costs," indicating that this quantity constitutes 10 percent of the Kingdom's needs for crude oil, according to Jordanian media.



    He stressed "the importance of the memorandum in enhancing economic cooperation between the two brotherly countries and activating land imports and the subsequent rehabilitation of the land route between the two countries and operating the tanker fleet in [You must be registered and logged in to see this link.] and [You must be registered and logged in to see this link.], which embodies the economic interests of [You must be registered and logged in to see this link.] and [You must be registered and logged in to see this link.] and enhances energy cooperation between them and contributes to creating more job opportunities and restoring the vital economic role of the land route between the two countries."

    [You must be registered and logged in to see this link.] imports Iraqi oil from Kirkuk, which is of lower quality and price than Iraqi oil in the south and also of lower quality than Brent crude, while [You must be registered and logged in to see this link.] bears the cost of transporting the oil at its own expense through tankers, which makes the price $16 less than Brent.


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