Jordan receives first Iraqi oil in 5 years
Jordan said it received its first shipment Wednesday (September 4th) of Iraqi oil, interrupted for five years by the "Islamic State of Iraq and Syria" (ISIS) group's control of swathes of Iraq between 2014 and 2017, AFP reported.
Energy Minister Hala Zawati said the shipments -- under a deal struck in February for deliveries by truck of 10,000 barrels of Iraqi crude per day -- would cover 7% of Jordan's daily needs.
More than 200 trucks, 100 from each country, including individually and corporately-owned trucks, are participating in the transport process, the Energy Ministry said in a statement.
Jordan will receive the Iraqi crude oil daily with a discount of $16 from the price of Brent Crude per barrel, the Jordan Times reported.
The Iraqi crude is being brought in via the Trebil-Karameh crossing, the sole border post between the two Arab states that was closed for three years until 2017, when the extremists were defeated in Iraq.