Jordan is following up with Iraq to renew the crude oil memorandum signed between them

Amman  The Jordanian Ministry of Energy and Mineral Resources confirmed that it is following up with Iraq the issue of renewing the Memorandum of Understanding on crude oil supply signed between the governments of the two countries.

According to an informed source in the ministry, the two sides are currently negotiating some provisions of the memorandum of understanding.

The import of oil from Iraq came within the framework of the Memorandum of Understanding between the two countries signed on February 2, 2019, which requires Jordan to import about 10 thousand barrels per day, which constitutes 7% of the Kingdom’s needs, according to a price equation linked to the price of Brent crude minus the costs of transport and different specifications.

 

Source: National Iraqi News Agency