Pumping of Iraqi oil to Jordan will be resumed next week after a weeks-long hiatus, according to Assistant Secretary-General for Energy Affairs at the Ministry of Energy and Mineral Resources, Hassan Hiyari.
Oil quantities exported to Jordan since the agreement to continue working with the Memorandum of Understanding (MoU) signed between the two sides to import Iraqi Kirkuk crude oil in March amounted to 2.525 million barrels.
Hiyari told the Jordan News Agency (Petra) on Monday that the sale of oil from the Iraq to Jordan takes place according to the Brent crude rate, $16 per barrel out of which is subtracted to cover transportation costs, wages of the inspector/third party inspection party, and the quality difference.
Jordan imports 10,000 barrels of Iraqi Kirkuk crude oil per day, which constitutes about 7 per cent of the local market’s need according to the MoU signed between the Ministry of Energy and Mineral Resources and its Iraqi counterpart in in January of last year.
According to this MoU, the Jordanian side is committed to providing tankers for transporting Iraqi crude oil in the Iraqi Baiji region to the Jordan Petroleum Refinery Company in Zarqa, eastrem Amman. Then, tankers is distributed equally between the Jordanian and Iraqi companies.
Source: Jordan News Agency