The Jordanian government has welcomed news that Iraq will grant them 100,000 barrels of crude.
Tankers sit off the port of Aqaba Image: Shaun D Metcalfe |
Representing around a day's worth of oil consumption by the Kingdom, the grant is something of a symbolic gesture to demonstrate the strong ties between the two neighbours at a time when Jordan is facing both economic and energy difficulties.
In September this year, the two countries agreed to the construction of a pipeline which will supply Jordan with crude oil and natural gas.
Further co-operation between the two nations has included an agreement to export crude oil from Iraq to other parts of the world through Jordan's sole port, Aqaba.
The infrastructure agreement, in particular, will help Iraq's need to meet demand from its latest, and potentially largest, oil exporting ally; China. As the developing giant seeks to maximise its energy sources, the ability to ship Iraqi oil from an additional port is likely to be welcome news.