Report

rss

Iraq News

Kurdistan

Economy

World

All News

SOMO discloses updates on oil contracts with Jordan

Category: Economy

Date: 2021-05-10T07:53:48+0000
SOMO discloses updates on oil contracts with Jordan

Shafaq News/ Iraq’s State Oil Marketing Organization (SOMO) said that the negotiations to renew the oil contract with Jordan are underway.

In a statement to Shafaq News Agency, SOMO said that formulating the contract on exporting Iraqi oil to Jordan is a prerogative to the legal department in the Ministry of Oil and the government, indicating that SOMO’s role is solely executive.

SOMO asserted to Shafaq News Agency that the talks to renew the contract with the Jordanian side are underway.

After importing 252 thousand oil barrels from Iraq in November 2020, Jordanian imports of Iraqi oil in December were null.

Iraq exports oil to Jordan via tankers at a rate of 10,000 barrels a day. 

The Minister of Oil, Ihsan Abdul Jabar, said in December 2020 that excess from Iraqi black gold would be exported to Lebanon starting from early 2020. 

related

Jordan to renew the contract with Iraq’ SOMO oil company

Date: 2021-01-04 11:16:02
Jordan to renew the contract with Iraq’ SOMO oil company

Jordan Opens Airspace to Israeli Flights for First Time

Date: 2020-10-08 12:37:09
Jordan Opens Airspace to Israeli Flights for First Time

The Ministry of Oil announces the revenues from Oil exports of October

Date: 2020-11-01 14:07:15
The Ministry of Oil announces the revenues from Oil exports of October

Iraqi oil exports revenues amounted to nearly six billion dollars in May

Date: 2021-06-01 13:59:49
Iraqi oil exports revenues amounted to nearly six billion dollars in May

Iraq sets a timeframe for power connection projects with Jordan and Egypt

Date: 2020-12-14 07:30:30
Iraq sets a timeframe for power connection projects with Jordan and Egypt

SOMO to launch new Basra Medium crude for export in 2021

Date: 2020-11-03 07:26:43
SOMO to launch new Basra Medium crude for export in 2021

Indian companies topped the list of Iraqi oil importers, SOMO says

Date: 2021-06-27 06:48:46
Indian companies topped the list of Iraqi oil importers, SOMO says

Iraq extends bid deadline for crude prepayment deal

Date: 2020-11-25 16:14:39
Iraq extends bid deadline for crude prepayment deal