Jordan's Iraqi Crude Oil Imports Stop As Mou Expires


(MENAFN- Jordan News Agency)


Amman, May 12 (Petra) -- Jordan's imports of Iraqi crude oil have been suspended following the expiry of a bilateral memorandum of understanding (MoU) with Iraq, signed on April 5, 2023, according to a statement from the Ministry of Energy and Mineral Resources on Sunday.
Iman Awad, the Director of Oil and Natural Gas at the Ministry, conveyed that Jordan has proposed extending the existing MoU for an additional three months under identical conditions to complete the transfer of contracted oil volumes. The extension is pending mutual approval, following its scheduled expiry on April 5, 2024.
Awad noted that the Ministry is actively working with Iraqi authorities and through the Jordanian embassy in Baghdad to obtain the requisite approvals for the extension.
She further indicated that discussions for a new MoU would begin following the completion of all deliveries under the current agreement. Imports from Iraq account for approximately 7 percent of Jordan's total crude oil consumption.

MENAFN12052024000117011021ID1108202843


Jordan News Agency

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.