Security conditions still blocking Iraqi oil shipment to Jordan

Amman - The delivery to Jordan of the first shipment of Iraqi oil was still facing 'tremendous security challenges,' a local newspaper reported Monday. 'The tremendous security challenges render it impossible to predict when the shipment will arrive in Jordan,' the Jordan Times quoted an Energy Ministry source as saying. Jordanian Prime Minister Marouf Bakhit said on Thursday that the Iraqi crude shipment was expected to arrive in the Jordanian territory 'within a few hours.' The delay in the shipment's delivery indicates that 'special security measures are being implemented inside Iraq to guarantee a safe passage of the cargo,' the Jordan Times quoted a well-informed source as saying. A convoy of 25 trucks reportedly left the Kirkuk area last week heading to the Jordanian-Iraqi border carrying the first shipment of Iraqi oil to the Hashemite Kingdom. Under a 2006 agreement between the two governments, Iraq agreed to supply Jordan with 10-30 per cent of its daily energy needs of around 100,000 barrels at a preferential price of 18 dollars below that prevailing on the world market, officials said. The discount is expected to soften the impact of soaring oil prices on the deficit of Jordan's state budget. © 2007 dpa - Deutsche Presse-Agentur

And Also

The Decade: Film's 10 Best Music Moments In The Aughts

The Decade: Film's 10 Best Music Moments In The Aughts - Cinema Blend
GASP: Goldstriker creates world's most expensive iPhone - The Tech Herald
'GMA' Schedules Chris Brown After Canceling Adam Lambert - PopEater
Chris Rock interview, Sons of Anarchy and Woody Allen shout out for 'Madagascar' star

Business

Business News

Security conditions still blocking Iraqi oil shipment to Jordan

And Also

Your Talkback on this Story

Similar articles

Latest Headlines in Business

Older Talkback

From Sites we Like

In Monsters and Critics

Corporate

The Fine Print