(MENAFN) Jordanian Minister of Energy and Mineral Resources Hala Zawati inked an oil agreement with Palestinian Finance Minister Shukri Bishara.
Under the agreement, Jordan is looking to meet oil needs of the Palestinian market.
Both countries will be joining hands through the deal to satisfy the Palestinian market's needs of oil via oil acquisition from Jordanian licensed firms.
Oil goods purchased from Jordan have a possibility to be exported to Palestine or stored in Jordanian oil facilities.
Zawati highlighted the importance of offering oil derivatives to Palestine in support of its efforts to diversify energy resources.