Iraq to review Jordan discount oil deal: VP

[Lone_Star_Dem]

Source: AFP

AMMAN (AFP) - Iraq is to review a 2006 agreement to sell discounted oil to Jordan amid soaring world prices, visiting Vice President Tareq al-Hashemi said on Thursday.

"The Iraqi government seeks to reconsider the agreement with Jordan and then activate it and push it in the right direction to benefit the two countries," Hashemi told a meeting of Jordanian businessmen in the capital Amman.

Iraq agreed in August 2006 to provide its import-dependent neighbour with between 10 and 30 percent of its daily oil needs of around 100,000 barrels at a preferential price starting from September of that year.

But deliveries by road of the discounted oil began only at the end of September 2007, with officials blaming the delay on technical and security problems.

Read more: http://news.yahoo.com/s/afp/20080529/wl_mideast_afp/jordaniraqoil