For less than 12 dollars…Iraq reveals the average selling price of oil exported to Jordan

by times news cr

2023-11-02T08:34:57+00:00

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/ The Iraqi Oil Marketing Company “SOMO” announced on Thursday that the average selling price of crude oil exported to Jordan reached $75.5, during the month of last October.

Thus, Iraq sold one barrel of crude oil to Jordan last month for less than $12, compared to the official selling price announced by the Ministry of Oil of $88.26, according to statistics issued by SOMO.

SOMO said in statistics on its website, which viewed, that “the total oil exports to Jordan during the month of last October amounted to 464,728 barrels,” indicating that “the export rate reached 15,000 barrels per day.”

The Iraqi Oil Marketing Company added that “the average price of a barrel sold to Jordan reached $75.5,” noting that “the value of imports from Jordan’s oil exports during one month amounted to about $35 million.”

It is noteworthy that Iraqi oil exports to Jordan have risen to about 15 thousand barrels per day, under an updated agreement of the previous agreement, which required the sale of 10 thousand barrels per day of Iraqi oil to Amman, at prices about 16 dollars less than the price of a barrel during the month.

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