Wednesday, May 1, 2024

Baghdad

Iraqi crude oil exports to Jordan resumed

 Iraqi crude oil exports to Jordan resumed

An oil pump in an oil field. Photo: AFP

Baghdad (IraqiNews.com) – The Jordanian Ministry of Energy and Mineral Resources announced on Monday the resumption of Iraqi crude oil exports after it stopped last month, according to a statement issued by the Jordanian ministry.

“Based on the memorandum of understanding signed between Iraq and Jordan, Iraqi crude oil exports to Jordan were resumed,” the Director of the Oil and Gas Directorate at the Jordanian Ministry of Energy and Mineral Resources, Iman Awad, mentioned in the statement.

Awad explained that 105,000 barrels of Iraqi crude oil were loaded into 422 oil tanker trucks, adding that 300 out of the 422 oil tanker trucks loaded with crude oil from oilfields in Kirkuk already arrived in Jordan.

The Jordanian official clarified that the 300 tanker trucks that arrived at the Jordan Petroleum Refinery Company were loaded with 80,000 barrels of crude oil.

Awad revealed that the quantities of crude oil imported from Iraq represent about seven percent of her country’s needs for crude oil.

Last April, crude oil imports from Iraq stopped after a memorandum of understanding supplying Jordan with Iraqi crude oil ended, despite the approval of the Iraqi Council of Ministers to have it renewed.

Iraq had agreed to renew the memorandum of understanding that provides Jordan with crude oil for one year after the Iraqi Council of Ministers approved the recommendation of the Energy Ministerial Council.

Jordan imports Iraqi crude oil according to the memorandum of understanding signed between the Jordanian and Iraqi governments at the beginning of September 2021.