After a two-month hiatus Jordan is resuming imports of Iraqi crude with immediate effect, Jordanian Energy Minister Hala Zawati announced this week.
Jordan had been receiving 10,000 b/d since August 2019 as part of a broader economic cooperation agreement made early last year (MEES, 1 February 2019), but Iraq halted imports in April due to the collapse in oil prices. Per the sales agreement, Iraq sells Kirkuk crude to Jordan at a $16/B discount to dated Brent – officially to “cover transport costs,” that is to say trucking, but also as an act of political goodwill. (CONTINUED - 373 WORDS)
