The Assistant Secretary-General for Energy Affairs at the Jordanian Ministry of Energy and Mineral Resources, Hassan Al-Hiyari, confirmed today, Monday, that the transfer of Iraqi oil to Jordan has resumed, with the same quantities and previous conditions.
Last Thursday, Jordan and Iraq signed a memorandum of understanding for the processing and transportation of crude oil, according to which Jordan imports 10,000 barrels per day based on the monthly Brent crude rate minus $16 per barrel, to cover the difference in quality and transportation fees.
Al-Hiyari added that work has been done to re-transfer Iraqi oil to Jordan through tankers, according to the renewed memorandum of understanding between Jordan and Iraq, and on the same previously agreed terms, which are approximately 300,000 barrels per month.
According to previous statements by the Minister of Energy and Mineral Resources, Saleh Kharabsheh, the quantities imported from Iraq constitute about 7% of the Kingdom’s needs for crude oil.
Jordan imported from Iraq, according to the memorandum of understanding signed with the Iraqi government, to supply crude oil from September 2021 until the end of last March, and the quantities of oil amounted to approximately 4.5 million barrels.
This article was originally published by RT.
