Iraq renews MoU to supply oil to Jor

By newsportalnp on July 21, 2024 Jordan

Welcome to the Latest Energy News from Jordan!

Exciting news from Amman as Minister of Energy and Mineral Resources, Dr. Saleh Kharabsheh, announced the renewal of a memorandum of understanding with the Iraqi government for crude oil supply to Jordan. This extension, signed by both countries, will now run until June 26, 2025, under the same terms.

Jordan will receive up to 15,000 barrels of oil per day at a discounted rate, helping to cover 10% of the country’s crude oil needs. This agreement is crucial for fostering economic cooperation between Jordan and Iraq, and will also lead to improvements in the land highway connecting the two countries.

Minister Kharabsheh emphasized the significance of this partnership in creating job opportunities and revitalizing the economic ties between Jordan and Iraq. This collaboration is a step towards enhancing joint energy efforts and strengthening the economic relationship through increased trade.

Stay tuned for more updates on national content from Jordan News!

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Iraq Jor MoU oil renews supply

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