Space Travel News  
OIL AND GAS
Iraq and Jordan launch oil, trade deals
by Staff Writers
Baghdad (AFP) Feb 2, 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.


Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


OIL AND GAS
Oil nearly flat in pause after previous session's gains
Washington (UPI) Jan 31, 2019
Crude oil prices were nearly flat Thursday morning in what was seen as a pause after gains in the two previous sessions, while traders weighed the impact of possible geopolitical-related supply and demand issues. "Crude is pausing for breath after yesterday's solid rally," Matthew Smith, director of commodity research at ClipperData, told UPI. West Texas Intermediate crude future prices fell 0.1 percent to $54.18 per barrel as of 8:00 a.m. EST, while Brent crude futures rose about 0.2 to ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
OIL AND GAS
Curiosity Says Farewell to Mars' Vera Rubin Ridge

NASA's Opportunity Rover Logs 15 Years on Mars

Dust storm activity appears to pick up south of Opportunity

ExoMars software passes ESA Mars Yard driving test

OIL AND GAS
Earth's Oldest Rock Found on the Moon

At Sundance, a fresh look at man's first walk on the Moon

Russia positions its Moon program as alternative to US Lunar-orbit station

Scientists explain formation of lunar dust clouds

OIL AND GAS
New Horizons' Newest and Best-Yet View of Ultima Thule

Missing link in planet evolution found

Juno's Latest Flyby of Jupiter Captures Two Massive Storms

Outer Solar System Orbits Not Likely Caused by "Planet Nine"

OIL AND GAS
Where Is Earth's Submoon?

Planetary collision that formed the Moon made life possible on Earth

Astronomers find star material could be building block of life

Double star system flips planet-forming disk into pole position

OIL AND GAS
Race for 'hypersonic' weapons heats up as France joins fray

To Catch a Wave, Rocket Launches From Top of World

China's Long March-5 rocket to resume flight in July

SpaceX successfully test fires Falcon 9 rocket for Dragon 2

OIL AND GAS
China to deepen lunar exploration: space expert

China launches Zhongxing-2D satellite

China welcomes world's scientists to collaborate in lunar exploration

In space, the US sees a rival in China

OIL AND GAS
Japanese company seeks to pioneer artificial meteor showers

Luxembourg and Belgium join forces to develop space resources

Lucy has 1000 days to launch day

NASA's Moon data sheds light on Earth's asteroid impact history









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.