Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Business, Economy, Energy, Geostrategy

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Jordan imported 405k barrels of Iraqi crude in October

Kirkuk oil fields in northern Iraq. (AFP FILES)
By TRENDS Desk
November 8, 2022 9:18 pm
  • Jordan had imported roughly three million barrels of Iraqi crude from September 2021 to October 2022.
  • The crude oil was transported by 11,565 Jordanian and Iraqi tanker trucks.

AMMAN, JORDAN – Jordan imported about 405,550 barrels of crude oil from Iraq in October, an average of 13,000 barrels per day, the Kingdom’s Minister of Energy and Mineral Resources Saleh Kharabsheh said Tuesday.

He said in a press release that the Kingdom had imported roughly three million barrels of Iraqi crude from September 2021 to October 2022, which was transported by 11,565 Jordanian and Iraqi tanker trucks.

Under a signed agreement, Jordan imports 10,000 barrels per day of crude from the Kirkuk oil fields in northern Iraq, which accounts for approximately seven percent of its market’s daily demand.

Iraq sells crude oil to the Kingdom at a discount rate of $16 per barrel from the average price of Brent crude to account for transport costs, inspection fees, and quality differences.

[adinserter block="5"]

Most Read

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]