Trucks have started loading the crude oil from the oil fields in Kirkuk governorate in northern Iraq, Jordan’s Minister of Energy Saleh Kharabsheh said in a statement.
The ministry said that Jordan imported about 2.525 million barrels of oil from Iraq between September 2021 and July 2022, Xinhua news agency reported.
Under a memorandum of understanding signed in 2021, Jordan imports around 10,000 barrels per day from Iraq, based on the monthly average price of Brent crude oil minus $16 per barrel to cover the difference in quality and transportation costs.
The 10,000 barrels cover around 7 per cent of Jordan’s daily needs, according to the ministry.
Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by FreshersLIVE.Publisher : NGGOSSIPS-Media