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Iraq agrees 50% increase in oil exports to Jordan

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parothead

parothead
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August 24th, 2011 03:10 pm · Posted in NEWS (Iraq & World Currency)


24/08/2011 17:54

Baghdad, August 24 (AKnews) – Iraq has agreed to increase oil exports to Jordan to 15,000 barrels per day from 10,000 bpd.

The Iraqi Oil Ministry has signed the agreement with its Jordanian counterpart today to increase the oil exports to the Baiji refinery by 50%.

Director of the State Oil Marketing Organization (SOMO) Falah al-Ameri told AKnews that the agreement also includes an additional 30,000 tonnes of heavy fuel and at a promotional price of US$88 per ton.

“SOMO will try to market oil to Jordan by way of tankers. Iraq has the capability to increase its exports.”

Iraq and Jordan signed an agreement in 2008 whereby Iraq would provide 10,000 bpd to Jordan.

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