The import of oil barrels from Iraq has stopped since the beginning of this month, after the end of the memorandum of understanding that provides Jordan with crude oil, despite the approval of the Iraqi Council of Ministers to renew it.
The director of the company carrying Iraqi oil to Jordan, Nael Thiabat, said that the company stopped importing oil until the government signed the memorandum from the two countries, indicating that the delay may be from the Iraqi side.
He pointed out that the new memorandum will allow the import of 10,000 barrels per day, indicating that 310,000 barrels of oil were imported during the month of March 2023.
Iraq had agreed to renew the memorandum of understanding that provides Jordan with crude oil for a period of one year, after the Iraqi Council of Ministers approved the recommendation of the Energy Ministerial Council on Tuesday.
Jordan imports Iraqi crude oil according to the memorandum of understanding for the processing of crude oil signed between the Jordanian and Iraqi governments, in force since the beginning of September 2021.
This article was originally published by RT.