Jordan again buys crude oil from Iraq

Jordan signed an agreement with Iraq Oct. 31 to purchase 2.6 million bbl of crude for $70 million to ensure supplies for the remainder of the current year, officials announced.The crude, bought at the world market price of $26.50/bbl, will be transported by sea from Iraq's port of Mina Al-Bakr to storage facilities at Aqaba in southern Jordan, according to Khaldun Qtaishat, an official of the Jordanian energy ministry. The oil is being loaded and would begin arriving in 10-15 days, Khaldun said.Before the US-led war to topple the regime of former Iraqi President Saddam Hussein, Jordan received all of its oil from Iraq, importing some 5.5 million tonnes/year by road, half of it free an...

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