Jordan imported 3.65m barrels of Iraqi oil from September 2021 to December 2022

AMMAN, JORDAN –  Jordan’s total imports of Iraqi oil between September 2021 to December 2022 amounted to 3.65 million barrels, equivalent to 490,000 tons of crude oil.

“Jordan imports Iraqi crude oil according to the memorandum of understanding (MoU) for the processing of crude oil signed between the Jordanian and Iraqi governments, in force since September 2021,” Director of Oil and Gas Directorate at the Kingdom’s Ministry of Energy and Mineral Resources, Eman Awwad said.

Awwad told the Jordan News Agency (Petra) that Jordan, according to the MoU, purchases Iraqi crude oil to meet part of its annual oil needs at a rate of 10,000 barrels per day based on the monthly Brent crude oil rate minus $16 per barrel, in order to cover quality difference and transportation fees.

According to this MoU, Jordan undertakes to provide basin tanks for transporting Iraqi crude oil from the modern Kirkuk depot in Iraq to the Jordanian oil refinery in Zarqa, and tanks are distributed equally between the Jordanian and Iraqi companies.