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Tishwash: Jordan invites an oil tender for Iraq

The Jordanian Ministry of Energy and Mineral Resources announced, on Thursday, the launch of a tender to transport crude oil from the loading site in Iraq to the Jordanian oil refinery site in Zarqa, at a rate of 10 thousand barrels per day.

The ministry has set the deadline for obtaining a copy of the bidding documents and submitting inquiries on May 27, and the deadline for submitting bids is twelve noon on the third Thursday of next June.

The Jordanian ministry indicated that the value of the bid copy is 500 dinars, while the bid bond is 500,000 dinars.   link

Cutebwoy:  Brent oil, to about $ 70 a barrel

{Economic: Al Furat News} Brent crude prices recorded, today, Wednesday, a rise to about $ 70 a barrel.

Expectations indicate an increase in demand, in relation to easing measures to combat the Corona epidemic in the United States and Europe.

This is the highest increase since last March.

Brent oil, to about $ 70 a barrel


Cutebwoy:  China: The agreement with Iraq will be effective soon, and the annual volume of exchange has reached 30 billion dollars

Baghdad – Mawazine News

China announced, on Wednesday, that the agreement with Iraq will be activated soon, while noting that the annual volume of exchange between the two countries has reached 30 billion dollars.

“The annual volume of exchange exceeded 30 billion dollars annually,” said Chinese Trade Counselor Xu Chun, during a press conference with Chinese Vice Ambassador Jian Fangning, through a closed circuit to introduce the Chinese development achievements and the development of economic and trade relations between Iraq and China. 2019, the volume of exchange reached 33 billion and 300 million dollars, but last year it decreased to 30 billion and 200 million dollars, as a result of the decline in world oil prices.

He added that “China is still considered the largest importer of Iraqi crude oil despite the decrease in imports due to the repercussions of the Corona pandemic.”

On the date of implementation of the agreement signed between Iraq and China, he explained that “the Chinese Sancho Foundation is working closely with the Iraqi Ministry of Finance and the Central Bank to address technical issues,” stressing that “the Sino-Iraqi agreement will be activated as soon as possible and there is a serious intention in this regard.”

China: The agreement with Iraq will be effective soon, and the annual volume of exchange has reached 30 billion dollars

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