Industry minister, Iraqi counterpart meet to bolster economic cooperation
By JT - Feb 13,2021 - Last updated at Feb 13,2021
Minister of Industry, Trade and Supply Maha Al Ali meets with Iraqi Minister of Industry and Minerals Manhal-Aziz and an accompanying delegation in Amman on Saturday (Petra photo)
AMMAN Jordan and Iraq on Saturday held talks in Amman, headed by Minister of Industry, Trade and Supply Maha Al Ali and Iraqi Minister of Industry and Minerals Manhal Aziz, to enhance economic cooperation in various fields, especially trade and investment.
The meetings were attended by the ministry’s Secretary General Yousef Shamali and Iraqi Ambassador to Amman Haider Athari and a number of officials, the Jordan News Agency, Petra, reported.
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Jordan says it imports Iraqi oil at discount
Jordan said Tuesday it imports Iraqi oil with a discount of 16 U.S. dollars from the price of Brent crude per barrel to cover the difference of transport costs and deviations in specifications.
The remarks were made by Jordanian Minister of Energy and Mineral Resources Hala Zawati.
In 2009, Jordan signed a deal with Iraq under which Jordan buys 10,000 barrels of crude oil per day from Iraq, transported by land in a back-and-forth trip estimated at about 2,550 kilometres, according to a statement by the ministry.
From September 2019 to the end of November 2020, Jordan imported about 3.471 million barrels of crude oil, and under the terms of the deal, Jordan shall provide oil tankers to transport crude oil from Baiji area in Iraq to the Jordan Petroleum Refinery Company in Zarqa, Zawati said.