SpaceWar.com - Your World At War
Iraq and Jordan launch oil, trade deals
Baghdad, Feb 2 (AFP) Feb 02, 2019
Iraq resumed oil deliveries to neighbouring Jordan on Saturday as the premiers of both countries met along their shared border as part of a bid to boost trade.

Iraqi Prime Minister Adel Abdel Mahdi met with his Jordanian counterpart Omar al-Razzaz at the Treibil border crossing, referred to as Al-Karameh in Jordan, which reopened in August 2017.

The only crossing between the two countries was shuttered in 2014 as the Islamic State group swept across Iraq, but was reopened after Iraqi forces pushed back the jihadists.

Baghdad declared victory against IS in late 2017.

On Saturday, the two sides agreed that Iraq would provide Jordan with 10,000 barrels of crude a day transported by truck from oil-rich Kirkuk province, Jordan's official Petra news agency said.

Transport costs would be taken into account under the deal, according to Petra, and the possibility of Baghdad granting discounts to Amman has upset some Iraqis.

Amman is pushing to meet its hydrocarbon needs through a pipeline project that would connect Basra on the southern tip of Iraq with the Jordanian port of Aqaba.

The two countries said Saturday they had begun studying its construction.

In January, Jordanian King Abdullah II made his second trip to Baghdad in more than a decade after a flurry of meetings between senior officials of both countries.

For its part, Iraq is looking for solutions to its chronic electricity shortages.

To secure an exemption from US sanctions on Iran, Baghdad has announced plans to curb its reliance on electricity supplied by Tehran and buy power from Jordan, Turkey and Kuwait.

The two premiers agreed Saturday that Jordan would begin providing electricity to Iraq "in less than two years", according to Petra.

The two sides also agreed to lift Iraqi taxes on hundreds of Jordanian products, and to establish a joint industrial zone along the border, according to statement issued by the prime minster's office.


ADVERTISEMENT




Space News from SpaceDaily.com
Growing evidence for evolving Dark Energy could inspire a new model of the Universe
LHAASO reveals hidden cosmic engines in high-energy Milky Way survey
European students complete immersive analog Mars mission in Portugal

24/7 Energy News Coverage
Bezos-backed methane-tracking satellite lost in space
Blackout at refinery highlights Venezuela's oil industry crisis
Trump says 'very wealthy' group to buy TikTok

Military Space News, Nuclear Weapons, Missile Defense
China launches international association to boost global access to deep space research
Planet secures 240 million euro satellite services contract with German government
Planet expands defense partnerships with key AI surveillance contracts

24/7 News Coverage
Consortium plans global shift toward net negative carbon economy
Six satellites launched for ICEYE as constellation expansion gains momentum
WHO says all Covid-19 origin theories still open, after inconclusive study



All rights reserved. Copyright Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse.