Jordan-Iraq to hold oil talks in late October
Jordan and Iraq will hold talks in Baghdad later this month on bilateral ties and the sale of Iraqi oil to Amman at preferential rates, Trade and Industry Minister Wassef Azar announced Tuesday.
"Jordan is striving to develop its relations with Iraq," Azar said upon receiving a delegation from the Baghdad Chamber of Commerce, according to the official Petra news agency.
"Before the end of the month the Iraq-Jordanian joint commission will meet in Baghdad to discuss trade relations between the two countries including the trade protocol and the import of oil," Azar said.
Jordan and Iraq have an annual oil agreement and trade protocol approved by the United Nations outside the sanctions imposed on Baghdad since 1990.
Under the agreement, Amman receives oil from Baghdad at preferential rates and is aiming to import 4.8 million tonnes of Iraqi crude in 2000 in exchange for 300 million dollars worth of goods.
Jordan depends on Iraq for all its oil needs and relations between the two countries have steadily improved in recent weeks.
Jordan was the first Arab country to defy a UN air embgo against Iraq and send a humanitarian flight to the country. It has also asked British insurer Lloyd's to halt inspections of Iraqi imports through the Jordanian port of Aqaba.—AFP.
© Agence France Presse 2000
© 2000 Mena Report (www.menareport.com)