Jordan’s
This increase will be implemented under the same contractual terms set forth in the crude oil memorandum of understanding (MoU), which was jointly signed by both countries on
Awwad further confirmed that all necessary technical and logistical arrangements have been made by the ministry to facilitate the smooth transfer of oil from the Modern Kirkuk warehouse’s loading site to the
The decision means that the total monthly quantity of Iraqi crude oil imports will now amount to approximately 450,000 barrels, marking a significant increase on the previous monthly supply of 300,000 barrels.
The agreement to raise imports stemmed from the successful discussions held during the visit of Prime Minister
In May the two governments came to terms to renew their previous MoU for another 12 months.
Crude trade between the pair was halted at the end of March upon the expiry of their previous on-year agreement, with the deal to run for another 12-month term.
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