Khaberni -Jordan's imports of Iraqi oil during the first five months of this year increased by 23% compared to the same period last year, according to the latest official data issued by the Iraqi Ministry of Oil.
The total of these imports amounted to about 1.6 million barrels compared to 1.3 million during the same period last year, according to Al-Ghad.
On a monthly level, Jordan imported about 309.9 thousand barrels in May of the past year, at a time when there were no imports during the same month of the previous year, due to the halt in implementing the agreements concerned between the two countries at that time, until they were renewed.
The importation of Iraqi oil is carried out within the framework of a memorandum of understanding signed between Jordan and Iraq for the first time in February 2019, and it is renewed annually.
Under this memorandum, Jordan continues to import quantities of crude oil ranging from 10 to 15 thousand barrels per day, at a preferential price about $16 below the global price, transported daily by 70 to 80 tankers split evenly between Jordanian and Iraqi tankers
The quantities imported from Iraq account for between 7% and 10% of the total daily needs of the Kingdom for crude oil, within a daily supply rate ranging between 10 thousand to 15 thousand barrels, while the remaining percentage of the Kingdom's need for crude oil is covered by imports through Aramco through periodic contracts, in addition to imports which are refined, along with Iraqi oil, in the oil refinery into petroleum derivatives, accounting for 45% of the Kingdom's needs, in addition to quantities by the three oil marketing companies operating in the Kingdom.
