The Ministry of Energy and Mineral Resources has confirmed that oil imports from Iraq are continuing at the agreed daily rate, as outlined in the memorandum of understanding between the two countries. The agreement stipulates the export of 10,000 to 15,000 barrels per day at a preferential price, which is $16 below the global market rate.
اضافة اعلان
The ministry clarified that the process of supplying Iraqi oil to Jordan’s oil refinery is proceeding smoothly and without any obstacles.
This comes as the volume of oil imported into the Kingdom during the first two months of this year dropped by 18.6% compared to the same period last year. During this time, the total volume reached approximately 729,820 barrels (an average of 12,100 barrels per day), down from about 897,430 barrels in the same period last year (an average of 14,900 barrels per day), according to data from the Iraqi Ministry of Oil.
On a monthly basis, imports in February reached around 419,840 barrels, compared to 433,120 barrels in February of last year.
Earlier this year, the ministry signed an agreement with Nile Thiyabat Company to transport these quantities. The oil is transported from the modern Kirkuk depot to the Jordan Petroleum Refinery in Zarqa, following the awarding of a tender issued at the end of last year for this purpose.
Iraqi oil imports currently cover about 7% to 10% of Jordan’s daily crude oil needs, with a supply rate ranging from 10,000 to 15,000 barrels per day.
According to the latest official figures from the Ministry of Energy, Jordan produced approximately 256,257 barrels of oil between 2019 and 2023. The data shows a 46.4% decrease in domestic oil production in 2023 compared to the previous year. Production from the Hamza oil field totaled 43,988 barrels in 2023, compared to 94,675 barrels in 2022, and 107,880 barrels in 2021. In 2020, production was 9,714 barrels, while it was zero in 2019.
The ministry’s budget for next year allocates 3.5 million dinars for petroleum exploration activities, particularly through marketing exploratory areas. This is a significant increase compared to the 500,000 dinars estimated for the current year.
