Baghdad, Iraq — Iraq and Jordan on Friday discussed cooperation in industry and economic partnership and ways to develop integration to enable the two countries to face global economic challenges and crises.
Iraqi Prime Minister Muhammad Sudani Thursday received a Jordanian delegation that comprised the Minister of Industry, Trade and Supply and the Minister of Labour, Yousef Shammali, and the Minister of Energy and Mineral Resources, Saleh Kharabsheh.
The two sides expressed keenness to raise the level of cooperation in all fields to maximise the benefit from the available opportunities and agreements between the two countries.
The ministers focused on expediting the implementation of joint strategic projects, most notably the joint economic estate project and electrical grid connection project.
The two sides highlighted the importance of finalising electrical connections by 2023 as part of the electrical grid connection project between the two countries.
The two countries agreed to extend MoU on importing Iraqi oil. Iraq is currently supplying Jordan with 10,000 barrels of oil per day (bpd).
The Iraqi Oil Ministry in December announced that the average price of crude oil exported to Jordan is $75.67.
According to the Iraqi ministry’s Oil Marketing Company SOMO “the total oil exports to Jordan during November reached 300,230 barrels at an average price of $77.33 per barrel, while the export rate reached 10,000 barrels per day”.
The selling price per barrel was $6.747 lower than the $82.417 official selling price announced by the Ministry of Oil.
The ministry pointed out that oil exports to Jordan generated $23,216,785 during a single month.
The volume of Jordanian-Iraqi trade amounted to JD487.9 million in 2021.