Jordan to Buy Discounted Oil From Iraq

By John Lee.

Jordan has reportedly agreed to buy 10,000 barrels per day (bpd) of Kirkuk crude oil from Iraq.

According to The Jordan Times, Jordan’s Minister of Energy and Mineral Resources, Hala Zawati (pictured), said the oil will be bought at a discount of $16 to Brent crude, to cover the difference of transport costs and deviations in specifications.

The supply will cover 7 percent of Jordan’s demand.

(Source: The Jordan Times)

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One Response to Jordan to Buy Discounted Oil From Iraq

  1. Nawras Nidhal 6th February 2019 at 11:08 #

    Quoting “to cover the difference of transport costs”; what does it mean? Transport is never included in the price!

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