Oil Exports to Jordan Halted

By John Lee.

Oil exports from Iraq to Jordan have been halted due to deteriorating security in Anbar province, according to a report from Reuters.

A spokesman for the Ministry of Oil said:

Due to security developments in Anbar and because the transfer of oil to Jordan is done by truck, which needs safe passage to cross, exports were stopped … As soon as the reasons are removed exports will resumed.

The volume in question is said to be between 10,000 and 12,000 barrels of crude oil per day.

Iraq is planning to build an $18-billion pipeline to Jordan to export 1 million barrels bpd of crude, of which 150,000 bpd will supply Jordan’s Zarqa refinery.

The remainder would be exported through the Red Sea port of Aqaba, reducing Iraq’s reliance on the Strait of Hormuz.

(Source: Reuters)

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