Minister: Jordan imports Iraqi oil with $16 discount on Brent price per barrel

shahennews

 Jordan receives Iraqi oil with a discount of $16 from the price of Brent crude per barrel, to cover the difference of transport costs and deviations in specifications, Minister of Energy and Mineral Resources Hala Zawati said on Tuesday.

This came in response to a query by the Jordan News Agency (Petra) regarding a memorandum of understanding (MoU) signed in 2019, under which Jordan buys 10,000 barrels of crude oil per day from Iraq, transported by land in a back-and-forth trip estimated of about 2550 km.

“Since September 2019 until the end of November 2020, Jordan imported about 3,471 million barrels, and under the terms of the MoU, Jordan shall provide oil tankers to transport crude oil from Baiji area in Iraq to the Jordan Petroleum Refinery Company in Zarqa,” she added, indicating that the oil exported covers 7 percent of the Kingdom’s daily oil needs.

The minister pointed out that the MoU was signed to bolster the Jordan-Iraq land import, and what follows from rehabilitating the roads and operating the two countries’ tanker fleet in order to serve their interests.

//Petra// RZ