AMMAN — The marketing data of the oil company
"SOMO" revealed on Monday the total amount of Iraqi oil imported by
Jordan in the month of June. According to data carried by Hala News, Jordan imported approximately 300,000 barrels of oil from Iraq last month.
This comes as a result of the resumption of Iraqi oil
supplies to Jordan under an agreement reached between the two governments in
May of last year.
The data provided by the oil marketing company indicates
that Jordan imported an average of 10,000 barrels of oil per day during the
past month.
Furthermore, the financial data published by the company
shows that the initial weighted average selling price for Jordanian oil reached
approximately $58.70 per barrel.
Agreement details
The resumption of oil supplies between Jordan and Iraq comes
as a result of a bilateral agreement signed in May of last year.
The agreement, known as the Jordanian-Iraqi Agreement to
Resume Oil Supplies, aimed to facilitate the supply and transportation of crude
oil between the two countries.
Under the terms of the agreement, Jordan imports 10,000
barrels of oil per month, with the price based on the monthly Brent crude rate
minus $16 per barrel. This price adjustment is intended to cover the quality
difference and transportation costs associated with the oil imports.
The Ministry of Energy and Mineral Resources has reported
that this quantity of imported oil represents approximately 7 percent of the
Kingdom's crude oil needs.
Read more Business
Jordan News
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AMMAN — The marketing data of the
oil company
"SOMO" revealed on Monday the total amount of Iraqi oil imported by
Jordan in the month of June. According to data carried by Hala News,
Jordan imported approximately 300,000 barrels of oil from Iraq last month.
This comes as a result of the resumption of Iraqi oil
supplies to Jordan under an agreement reached between the two governments in
May of last year.
The data provided by the oil marketing company indicates
that Jordan imported an average of 10,000 barrels of oil per day during the
past month.
Furthermore, the financial data published by the company
shows that the initial weighted average selling price for Jordanian oil reached
approximately $58.70 per barrel.
Agreement details
The resumption of oil supplies between Jordan and Iraq comes
as a result of a bilateral agreement signed in May of last year.
The agreement, known as the Jordanian-Iraqi Agreement to
Resume Oil Supplies, aimed to facilitate the supply and transportation of crude
oil between the two countries.
Under the terms of the agreement, Jordan imports 10,000
barrels of oil per month, with the price based on the monthly Brent crude rate
minus $16 per barrel. This price adjustment is intended to cover the quality
difference and transportation costs associated with the oil imports.
The Ministry of Energy and Mineral Resources has reported
that this quantity of imported oil represents approximately 7 percent of the
Kingdom's crude oil needs.
Read more Business
Jordan News
