For the fourth consecutive month, Iraq continues to suspend oil exports to Jordan amid anticipation of a renewed agreement.
An informed source revealed on Wednesday that Iraqi crude oil exports to Jordan have remained halted for the fourth consecutive month, according to data from the Iraqi Oil Marketing Company SOMO.
The source told Shafaq News Agency that data issued by SOMO showed that Iraq did not export any quantities of crude oil to Jordan during the first third of this year, as a result of the expiration of the memorandum of understanding signed between the two countries, with the export file remaining pending renewal of the agreement between the two sides.
He added that the resumption of oil exports is contingent upon the renewal of the official agreement that regulates the export mechanism and the approved preferential prices, explaining that the current halt is due to procedural reasons related to the expiration of the previous memorandum, and not a cancellation of the agreement or an end to oil cooperation between Baghdad and Amman.
The source indicated that Jordan imports between 10,000 and 15,000 barrels per day of crude oil from Iraq, at preferential prices lower than global prices, within the framework of joint oil cooperation between the two countries.
Shafaq.com