Aug 08 2012
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Delay in bidding process stops flow of Iraq oil into Jordan
A decision to award a tender to a local company "is yet to be taken, most probably within two weeks", the Jordan News Agency, Petra, reported, quoting a government official.
There has been some delay in the tender process. So far, two companies have qualified on the basis of the technical terms and conditions, but the financial bid is still to be examined in order for the tender department to determine the winner.
Last year, Jordan only managed to import 300,000 tonnes of 500,000 tonnes agreed on between the two countries because of different hurdles. Therefore, the ministry this year included new conditions in the tender to guarantee financial soundness and the ability to check the quality of the imported oil.
Jordan also imports around 10,000 tonnes of heavy fuel from neighbouring Iraq, at a preferential price, which is $88 less per tonne than market prices.
© Jordan Times 2012
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