Iraq and Jordan have inaugurated a joint industrial area on the border between the neighboring countries.
The ceremony on the Iraq-Jordan border was attended by Iraqi Prime Minister Adel Abdul Mahdi and his Jordanian counterpart Omar Razzaz.
Saturday’s meeting was also attended by top officials as the former neighbors boost their relations following the defeat of Daesh that controlled areas in Iraq bordering Jordan. The border crossing was formally reopened on Saturday.
As part of the agreement between the two countries that was signed in late December, Iraq will supply Jordan with 10,000 barrels of oil a day at a lower price, transported by tanker from its Kirkuk oilfields, the Jordanian prime minister’s office said in a statement. It did not say what the price was or when the oil would be exported.
Iraqi goods imported via Jordan’s Aqaba port on the Red Sea would meanwhile receive preferential tariffs, it said.
Abdul Mahdi’s office said Iraqi officials were handed 1,300 artifacts that Jordanian authorities confiscated from smugglers.
Aqaba port at the north end of the Red Sea has long been a major transit route for Iraqi imports and exports, and Amman has long relied on Iraqi crude to fuel its economy.
Abdul Mahdi says the government aims to decrease dependency on oil exports for state revenue. Oil exports from OPEC’s second-largest producer account for more than 95 percent of state revenues.
In related news, Arshad al-Salihi, head of the Iraqi Turkmen Front, indicated addressing the government through the parliament’s energy and oil committee to acknowledge details of the agreement on
He stressed that the revenues of selling Kirkuk oil should go for its the province’ residents before anyone.
In a statement, Salihi said the government’s decision to sell Kirkuk’s oil at low prices to Jordan raises many questions.
“We will follow up on all the oil smuggled from Kirkuk to neighboring countries as well as at the checkpoints, which take responsibility of the smuggling,” he added.