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Iraq Halts Oil Shipments to Jordan

Iraq stopped its daily crude oil shipments to Jordan due to the unprecedented fall in oil prices.

According to a statement by Jordan's ministry of energy which was released on the country's Al Mamlaka TV, Iraq stopped all its crude oil shipments to Jordan due to the collapse in international oil prices.

Jordan just started receiving shipments of 10,000 barrels of crude oil, set on a daily basis, last September which was intended to meet about seven percent of the country's daily needs. This arrangement has been initiated by Prime Minister Omar al Razzaz as he envisions broader ties with the country's eastern neighbor and as means to revive a multi-billion dollar oil pipeline project that will export Iraqi oil from Jordan's Red Sea port of Aqaba.

Amman's economy has long relied on Iraqi oil and the ministry of energy can only express his hopes that oil imports from Iraq will resume as soon as possible.

 

 

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