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Jordan urges Iraq to extend oil supply agreement

Baghdad (IraqiNews.com) – The Jordanian Ministry of Energy and Mineral Resources said on Sunday that the country’s imports of crude oil from Iraq have stopped.

The cessation of Iraq’s crude oil exports to Jordan is due to the expiration of a memorandum of understanding signed between the Iraqi government and the Jordanian government on May 4, 2023.

The Director of the Oil and Natural Gas Sector in Jordan’s Energy and Mineral Resources Ministry, Iman Awad, said that the Jordanian ministry communicated with the Iraqi Oil Ministry to extend the agreement for three more months under the same contractual conditions.

The Jordanian official explained that the memorandum of understanding can be extended with the approval of both sides.

Awad added that the Jordanian ministry is closely following up with the Iraqi side and the Jordanian embassy in Baghdad to obtain the required approvals from the Iraqi authorities to resume oil imports to Jordan.

Iraq’s oil exports to Jordan constitute about seven percent of the country’s crude oil needs.

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