Jordan to Obtain Maximum Oil Quantities from Iraq

Thursday, 19th March 2020
by Fatma Ahmed

040928-N-7034S-001 Arabian Gulf (Sept. 28, 2004) – The guided missile cruiser USS Mobile Bay (CG 53) conducts patrols near to the Iraqi Al Basra Oil Terminal (ABOT) in the Northern Arabian Gulf. Mobile Bay is a part of USS Essex (LHD 2) Expeditionary Strike Group Three (ESG-3) currently on deployment in support of Operation Iraqi Freedom (OIF). U.S. Navy photo by Photographer’s Mate 2nd Class Samuel W. Shavers (RELEASED)

Jordan received 196,500 barrels of Iraqi oil during the first half of March, with a daily rate of 13,100 barrels per day (bbl/d), the Jordan Times reported.

According to Zawati, the ministries from both sides have agreed to increase the number of shipments to the Jordan Petroleum Refinery to be receiving the full amount that the two sides had settled on in March.

Zawti elaborated that the total amount of Iraqi crude oil received by the Jordan Petroleum Refinery totaled 2 million barrels from September 2019 up until March 15.

Additionally, the statement noted that the Iraqi crude oil is sold to Jordan based on the average monthly price of Brent crude, from which the difference in transport costs and the difference in specifications are deducted.