08 February 2011
Erbil - An official from the Iraqi Oil Ministry said the Iraqi government has demanded Jordan to pay back a credit of 114,000,000 U.S. dollars to Iraq for purchasing Iraqi crude oil during 2003-6, adding Jordan has demanded to increase Iraqi crude oil import to 30,000 barrels per day (bpd).
Asim Jihad, the spokesman for the Ministry told AKnews during 2003 to 2006 some 5.5 million barrels of the Iraqi crude oil were sold to Jordan, with an $18 discount from the market price for each barrel.
The Iraqi government claimed its credit when the Jordanian Prime Minister, Samir Ru'faee, recently visited Iraq.
Jihad added the talks between the Jordanian and Iraqi governments for paying back the debt are underway.
Under a deal effective until 2008, Jordanians benefited from the $18 discount, Jihad said. He added the deal was extended to 2011; some 10,000 bpd were to be transferred to Jordan from 2009-2011.
However, in his recent visit to Iraq, the Jordanian PM demanded increasing the import to 30,000 bpd, according to the Ministry spokesman.
Oil revenues count as the key source of income for the country.
Erbil - An official from the Iraqi Oil Ministry said the Iraqi government has demanded Jordan to pay back a credit of 114,000,000 U.S. dollars to Iraq for purchasing Iraqi crude oil during 2003-6, adding Jordan has demanded to increase Iraqi crude oil import to 30,000 barrels per day (bpd).
Asim Jihad, the spokesman for the Ministry told AKnews during 2003 to 2006 some 5.5 million barrels of the Iraqi crude oil were sold to Jordan, with an $18 discount from the market price for each barrel.
The Iraqi government claimed its credit when the Jordanian Prime Minister, Samir Ru'faee, recently visited Iraq.
Jihad added the talks between the Jordanian and Iraqi governments for paying back the debt are underway.
Under a deal effective until 2008, Jordanians benefited from the $18 discount, Jihad said. He added the deal was extended to 2011; some 10,000 bpd were to be transferred to Jordan from 2009-2011.
However, in his recent visit to Iraq, the Jordanian PM demanded increasing the import to 30,000 bpd, according to the Ministry spokesman.
Oil revenues count as the key source of income for the country.
© AK News 2011
