Iraq, Jordan renew oil export contract of 10,000 bpd
The flag of Jordan. Photo: The Jordanian embassy in Japan
Baghdad (IraqiNews.com) – The Iraqi Ministry of Oil announced on Thursday it signed an agreement with Jordan to renew an oil export contract of 10,000 barrels per day, The Iraqi News Agency (INA) reported.
The Iraqi Oil Ministry mentioned in a statement that the Minister of Oil, Hayan Abdul-Ghani received the Jordanian Minister of Energy and Mineral Resources, Saleh Al-Kharabsheh, and his accompanying delegation.
The meeting addressed ways to enhance and develop the bilateral relations between the two countries in the oil and energy sector, the statement clarified.
Both sides agreed to renew an oil export contract of 10,000 barrels per day, starting from the current month, for one year.
The State Organization for Marketing of Oil (SOMO) announced recently that a new Memorandum of Understanding (MoU) will be signed soon between Iraq and Jordan to resume supplying Jordan Petroleum Refinery with crude oil.
The statement revealed that the last MoU signed between the Iraqi Ministry of Oil and the Jordanian Ministry of Energy and Mineral Resources includes supplying the Jordanian side with 10,000 barrels per day of crude oil from oilfields in Kirkuk, but it ended on March 31, and accordingly, the supply of crude oil to the Jordan Petroleum Refinery stopped.
At the request of the Jordanian side, the approval of the Council of Ministers was obtained on March 28 to conclude a new MoU between Iraq and Jordan.
The director of the company carrying Iraqi oil to Jordan, Nael Thiabat, mentioned earlier that the company stopped importing oil from Iraq until the government signs an MoU between the two countries.
Iraq agreed to renew the MoU that provides Jordan with crude oil for one year after the Iraqi Council of Ministers approved the recommendation of the Energy Ministerial Council at the beginning of April.