Iraq has agreed to resupply Jordan with up to 15,000 barrels per day of crude oil at a discounted price, the kingdom's Energy Ministry said, after a two-month halt believed to be politically related.
An Iraqi official, who works for the ministry's oil marketing division SOMO confirmed on Monday that the deal had been renewed and blamed “bureaucracy” for the delay.
He said that the oil would be taken by lorry to Jordan, adding that the amount was increased to 15,000 bpd last year “at Jordan's request”.
An 18-year oil deal, subject to renewal regularly, has long been affected by political differences between Amman and Baghdad.
In August last year, the two sides agreed to raise the quantity to 15,000 bpd from 10,000 bpd, an Iraqi oil official said. However, the flow of oil completely stopped at the beginning of May this year, after the agreement expired and was not renewed.
The Jordanian Energy Ministry said up to 15,000 bpd of Iraqi oil will be supplied to the kingdom until June 2025, at $16 less than the price of Brent crude. It did not say when the export of oil from Iraq would start.
The discount is given to compensate for the quality of the oil and the cost of transport to Jordan, it said. Brent was trading at $82.47 by midday GMT. Jordan receives oil from Kirkuk which is of lower quality than Brent crude from the south.
Oil Minister Saleh Al Kharabsheh said that the resumption would help increase economic co-operation between Jordan and Iraq.
Ties between the two countries have soured since the Iran-backed Shiite political ascendancy that came to power in Iraq after the fall of Saddam Hussein in 2003.
However, three years later, Iraq agreed to export 10,000 bpd at a discounted price as part of an attempt to improve relations.
Shortly before the deal was due for renewal last May, Kuwait’s Emir Sheikh Meshal visited Jordan. Both countries called on Iraq to adhere to a maritime deal that was annulled by the Iraqi Federal Supreme Court in September and to complete the delineation of the maritime border.
That sparked anger in Iraq, mainly among Shiite lawmakers.
The flow of Iraqi oil, which accounts for 7 to 10 per cent of Jordanian oil imports, has been interrupted before, especially during heightened political tensions. Jordan, which produces small amounts of oil, relies on imports from Saudi Arabia for most of its crude oil needs.
BIGGEST CYBER SECURITY INCIDENTS IN RECENT TIMES
SolarWinds supply chain attack: Came to light in December 2020 but had taken root for several months, compromising major tech companies, governments and its entities
Microsoft Exchange server exploitation: March 2021; attackers used a vulnerability to steal emails
Kaseya attack: July 2021; ransomware hit perpetrated REvil, resulting in severe downtime for more than 1,000 companies
Log4j breach: December 2021; attackers exploited the Java-written code to inflitrate businesses and governments
BUNDESLIGA FIXTURES
Saturday
Borussia Dortmund v Eintracht Frankfurt (5.30pm kick-off UAE)
Bayer Leverkusen v Schalke (5.30pm)
Wolfsburg v Cologne (5.30pm)
Mainz v Arminia Bielefeld (5.30pm)
Augsburg v Hoffenheim (5.30pm)
RB Leipzig v Bayern Munich (8.30pm)
Borussia Monchengladbach v Freiburg (10.30pm)
Sunday
VfB Stuttgart v Werder Bremen (5.30pm)
Union Berlin v Hertha Berlin (8pm)
The years Ramadan fell in May
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Match info
Athletic Bilbao 0
Real Madrid 1 (Ramos 73' pen)
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
'My Son'
Director: Christian Carion
Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis
Rating: 2/5
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
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Thank You for Banking with Us
Director: Laila Abbas
Starring: Yasmine Al Massri, Clara Khoury, Kamel El Basha, Ashraf Barhoum
Rating: 4/5
Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
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COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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DEADPOOL & WOLVERINE
Starring: Ryan Reynolds, Hugh Jackman, Emma Corrin
Director: Shawn Levy
Rating: 3/5
Mobile phone packages comparison
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
High profile Al Shabab attacks
- 2010: A restaurant attack in Kampala Uganda kills 74 people watching a Fifa World Cup final football match.
- 2013: The Westgate shopping mall attack, 62 civilians, five Kenyan soldiers and four gunmen are killed.
- 2014: A series of bombings and shootings across Kenya sees scores of civilians killed.
- 2015: Four gunmen attack Garissa University College in northeastern Kenya and take over 700 students hostage, killing those who identified as Christian; 148 die and 79 more are injured.
- 2016: An attack on a Kenyan military base in El Adde Somalia kills 180 soldiers.
- 2017: A suicide truck bombing outside the Safari Hotel in Mogadishu kills 587 people and destroys several city blocks, making it the deadliest attack by the group and the worst in Somalia’s history.
Poacher
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PREMIER LEAGUE STATS
Romelu Lukaku's goalscoring statistics in the Premier League
Season/club/appearances (substitute)/goals
2011/12 Chelsea: 8(7) - 0
2012/13 West Brom (loan): 35(15) - 17
2013/14 Chelsea: 2(2) - 0
2013/14 Everton (loan): 31(2) - 15
2014/15 Everton: 36(4) - 10
2015/16 Everton: 37(1) - 18
2016/17 Everton: 37(1) - 25
