Iraq-Jordan oil agreement

14 October 2003
Iraq has agreed to supply Jordan with its oil needs once its infrastructure is ready, according to a senior Jordanian official said on 14 October. The agreement was reached on the sidelines of meetings at the Jordan Economic Forum in Amman, according to Jordanian Energy Minister Mohammed Batayneh, who made news of the initial agreement public. 'Obtaining our oil needs from Iraq is less expensive and better for us due to easy transport,' he said. 'In addition, it would help ease the congestion problem at Aqaba port and spare the cost of transport from Aqaba to the petroleum refinery in Zarqa.'

Before the US-led invasion in Iraq, Jordan obtained half of its oil from its neighbour. The UAE and Kuwait supplied the other 50 per cent.

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