Average price of crude oil from Iraq to Jordan stands at $75.67 per barrel

AMMAN — The Iraqi Oil Ministry on Saturday announced that the average price of crude oil exported to Jordan reached $75.67 per barrel.

The ministry's State Organisation for Marketing of Oil (SOMO) said that the total oil export to the Kingdom during November reached 300,230 barrels with the average sale price per barrel standing at $77.33, with an average export rate of 10,000 barrels per day, the Jordan News Agency, Petra, reported.

SOMO said that the rate per barrel was $6.747 less than the announced sale price by the Oil Ministry, which stood at $82.417. The ministry said that the revenue value of oil export to the Kingdom in one month reached $23,216,785. The Energy and Mineral Resources Ministry said that the expected difference in price of each barrel stood at $5.66, Petra added.