Jordan to increase oil imports from Iraq
The government of Jordan plans to increase its oil imports from Iraq in preparation for a potential US attack on its neighbor. The Kingdom will increase its purchase amount providing it gets United Nations (UN) permission to transport oil by sea, reported Al-Sharq Al-Awsat .
Prior to its decision to increase oil imports, Jordan planned to import 4.5 million tons of crude oil and one million tons of oil products from Iraq over the course of 2002. Iraq is the Kingdom's only source of oil and oil derivatives, which amounted to five million tons in 2001.
Jordan receives half of its oil from Iraq for free, while the remaining portion is sold to the kingdom at a concession price, four to five dollars less than the world market price. — (menareport.com)
© 2002 Mena Report (www.menareport.com)