Burj Al Hayat Transport and Trading Company

By John Lee.

Iraq has reportedly re-started the supply of crude oil to Jordan by road.

Shipments ended in November 2020 following the expiration of the previous agreement.

The latest agreement sees a total of 3.7 million barrels being exported from Baiji refinery to the Jordanian refinery at Zarqa, at a rate of 10,000 barrels per day.

According to Basra Voice, this represents 10 percent of Jordan’s requirements; a previous statement from the Jordan government put the figure at 7 percent.

The oil is being sold at a discount of $16 to the price of Brent crude.

The Jordanian Ministry of Energy and Mineral Resources announced in July that Burj Al Hayat Transport and Trading Company was awarded the tender to transport the oil.

(Sources: Basra Voice, Petra)

The post Iraq Re-Starts Oil Exports to Jordan first appeared on Iraq Business News.

By John Lee.

The Jordanian Ministry of Energy and Mineral Resources has announced that Burj Al Hayat Transport and Trading Company has been awarded a tender to transport Iraqi crude oil to Jordan.

The company will be responsible for transporting 10,000 barrels of crude oil per day from Iraq’s Baiji oil refinery to Jordan’s Petroleum Refinery Company in Zarqa, covering 7 percent of the Kingdom’s daily demand with a discount of $16 from the price of Brent crude per barrel.

“The door-to-door shipping process begins in the coming two weeks, with 50 percent of daily imports transported via Iraqi and Jordanian tanker trucks,” according to a statement by the Ministry.

(Source: Govt of Jordan)

The post Transporter Named for Iraqi Oil Exports to Jordan first appeared on Iraq Business News.