Iraq Extends Oil Supply Agreement with Jordan, 25 MAY

 Iraq Extends Oil Supply Agreement with Jordan

Iraq has approved a three-month extension of the Memorandum of Understanding (MoU) for oil supply to Jordan at the same price and terms, according to Jordan’s Ministry of Energy and Mineral Resources.

The Overseer of Jordan’s Oil and Flammable gas Directorate, Designer Iman Awad, expressed that Jordan has finished every single important strategy and is planning with Iraq to begin the stacking of raw petroleum from Kirkuk to the Jordan Petrol Treatment facility in Zarqa.

In the coming days, the oil supply is expected to begin. Furthermore, Jordan has mentioned a one-year recharging of the MoU following the finish of the leftover amounts under the ongoing understanding, expected to be stacked during the expansion time frame.