Trebil crossing border opened: oil Shipments to Jordan uninterrupted
Shafaq News/ The Trebil border crossing between Iraq and Jordan is operating normally, with no issues hindering trade activities between the two countries, Emad al-Rishawi, the district mayor of Rutba, western Al-Anbar, stated on Wednesday.
In a statement, Al-Rishawi confirmed that oil exports through the border crossing are continuing smoothly.
"A new batch of Iraqi crude has been delivered to Jordan without any obstacles," he said.
Al-Rishawi further emphasized that the security and administrative situation at the crossing remains under control, with a steady flow of goods and travelers moving through the area.
This reassurance follows reports and videos shared by activists showing protests in the past, where demonstrators blocked oil tankers from crossing into Jordan.
The protests were reportedly triggered by chants considered offensive, which were made by some Palestinian and Jordanian fans during Iraq's recent World Cup qualifying match.
It is worth noting that approximately 60 oil tankers, half of which are Jordanian and half Iraqi, pass through the Trebil crossing daily, delivering 15,000 barrels of oil to the Jordanian refinery, which accounts for 15% of Jordan's daily oil needs.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Shafaq News
38 minutes ago
- Shafaq News
Oil prices soften as markets assess US-China trade talks outcome
Shafaq News/ Oil prices softened in Asian trade on Wednesday as markets assessed the outcome of U.S.-China trade talks, yet to be reviewed by President Donald Trump, with weak oil demand from China and OPEC+ production increases weighing on the market. Brent crude futures declined 19 cents, or 0.3%, to trade at $66.680 a barrel, while U.S. West Texas Intermediate crude fell 16 cents, or 0.3%, to $64.82 at 0318 GMT. U.S. and Chinese officials agreed on a framework to put their trade truce back on track and resolve China's export restrictions on rare earth minerals and magnets, U.S. Commerce Secretary Howard Lutnick said on Tuesday at the conclusion of two days of intense negotiations in London. "The current (price) corrections can be attributed to a mix of technical profit-taking and caution leading up to the US-China (official) announcement," said Phillip Nova, senior market analyst Priyanka Sachdeva. Trump will be briefed on the outcome before approving it, Lutnick added. "In terms of what it means for crude oil, I think it removes some downside risks, particularly to the Chinese economy and steadies the ship for the U.S. economy - both of which should be supportive for crude oil demand and the price," said Tony Sycamore, a market analyst for IG. Meanwhile, on the supply side, OPEC+ plans to increase oil production by 411,000 barrels per day for July as it looks to unwind production cuts for a fourth straight month, with some analysts not expecting regional demand to soak up these excess barrels. "Greater oil demand within OPEC+ economies – most notably Saudi Arabia – could offset additional supply from the group over the coming months and support oil prices," said Capital Economics' climate and commodities economist Hamad Hussain in a note. "However, given that any boost to demand will be seasonal, we still think that Brent crude prices will fall to $60pb by the end of this year." Later on Wednesday, markets will be focusing on the weekly U.S. oil inventories report from the Energy Information Administration, the statistical arm of the U.S. Department of Energy. Crude stocks fell by 370,000 barrels last week, according to market sources who cited American Petroleum Institute figures on Tuesday. Analysts polled by Reuters on Monday expected that U.S. crude oil stockpiles fell by 2 million barrels in the week to June 6, while distillate and gasoline inventories likely rose.
Iraqi News
7 hours ago
- Iraqi News
Iraq to launch 350M IQD guarantor-free loans for young entrepreneurs
Baghdad ( – Iraq's Ministry of Labour and Social Affairs is in the final stages of launching a major new loan program to provide up to 350 million Iraqi dinars to young entrepreneurs without the need for a guarantor, spokesperson Hassan Khawam announced recently. This groundbreaking initiative is a collaboration between the Ministry, the International Labour Organization (ILO), the German Development Bank (KfW), and the Iraqi Company for Guarantees. It aims to empower aspiring business owners, particularly those who cannot secure the traditional requirement of a government employee guarantor. Under the new program, the applicant's project itself will serve as the guarantee. To qualify, candidates must participate in an intensive, specialized training course lasting over a month. During this period, local, regional, and international experts will help them develop every aspect of their business plan, from technical specifics and site selection to customer relations. The loan is granted only after successfully completing this comprehensive development phase. Khawam stated this program significantly expands on the Ministry's existing efforts, which include a smaller loan program (offering 20-50 million IQD) and the Mahan digital platform launched in 2023 to connect job seekers with employers. This new guarantor-free loan initiative marks a strategic step towards fostering self-employment and stimulating Iraq's private sector.
Iraqi News
7 hours ago
- Iraqi News
TotalEnergies supports Iraq's energy independence
Baghdad ( – France-based TotalEnergies' Gas Growth Integrated Project (GGIP) is intended to help Iraq develop its natural resources and achieve energy independence. TotalEnergies' GGIP project demonstrates the company's multi-energy approach and sustainable development concept and combines natural gas production, solar energy, and enhanced oil production, according to a statement released by the French firm. The project illustrates TotalEnergies' commitment to assisting oil- and gas-producing countries in moving forward with their energy transformation strategies. With Iraqi government assistance, TotalEnergies will invest in facilities to recover flared gas from three oil fields in the first phase and four other fields in the second phase to supply power plants, redevelop oil production at the Artawi field, build a seawater treatment plant to supply the wells, and build and operate a solar power plant to provide carbon-free energy. These projects have a cumulative investment of almost $10 billion. The GGIP project includes four sub-projects led by an alliance of TotalEnergies, Basra Oil Company (BOC), and QatarEnergy. The four projects are the Associated Gas Upstream Development (AGUP), which seeks to increase Artawi field output; the Artawi Gas Midstream Project (GMP), which is expected to prevent flaring and collect gas from several oil fields; the Common Seawater Supply Project (CSSP), which involves building a seawater treatment plant; and a one-gigawatt solar power plant spanning some 2,200 hectares near the gas treatment plant.
