Kingdom imports 780,000 barrels of oil from Iraq in first 2 months of 2025

AMMAN — Director General of the Iraqi Oil Tanker Company Nael Thiabat said that the quantities of Iraqi oil imported by Jordan from Iraq amounted to 780,000 barrels during the first two months of 2025.

Thiabat on Sunday explained to Al Mamlaka TV that the quantities of imported Iraqi oil during January amounted to 310,000 barrels by 10,000 barrels per day, while in February it reached 460,000 barrels by 15,000 barrels per day.

Regarding the fluctuation in quantities between January and February, Thiabat explained that technical problems related to loading from Kirkuk warehouses (northern Iraqi refineries) prevented loading the upper limit of the agreement, which is 15,000 barrels per day.

Thiabat stressed the continuation of the transport of crude oil on a daily basis at a rate of 15,000 barrels per day. 

Jordan and Iraq extended a memorandum of understanding between the Ministry of Energy and Mineral Resources and the Iraqi Ministry of Oil, under which Jordan is supplied with no more than 15,000 barrels of oil per day based on the monthly Brent crude oil rate minus $16 per barrel, in order to cover the difference in quality and transportation fees.

The agreed quantity constitutes about 10 per cent of the Kingdom's crude oil needs, where the MoU runs until June 26.

Under the MoU, Jordan is committed to providing basin tanks to transport Iraqi crude oil from Iraq to the Jordanian oil refinery in Zarqa, and the tankers will be distributed equally between Jordanian and Iraqi companies.