Iraqi lawmaker proposes bill to end economic benefits to Jordan ...Kuwait

Amid growing regional tensions, an Iraqi lawmaker has submitted a bill to the parliament calling for an end to Iraq's economic benefits provided to Jordan. This move follows Jordan's recent interception of Iranian missiles targeting Israel, sparking political and economic reverberations in the region. Iraq, which recently increased its oil exports to Jordan from 10,000 to 15,000 barrels per day, offers oil at a preferential rate, typically $12 to $16 lower than global Brent crude prices. These exports are part of a broader economic agreement between the two nations, encompassing not just discounted oil, but also customs exemptions and infrastructure cooperation. Jorda

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Last updated : 10 October 2024 clock 11:00 AM

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Iraqi lawmaker proposes bill to end economic benefits to Jordan ...Kuwait

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