Last updated: 27 November, 2012

Iraq to give Jordan 100,000 barrels of oil

Iraq’s cabinet on Tuesday decided to give 100,000 barrels of oil to neighbouring Jordan, which has been hit by protests over rising fuel prices, government spokesman Ali al-Dabbagh said.

In a statement, Dabbagh listed cabinet decisions including giving “100,000 barrels of crude oil to the Jordanian people,” without providing further details.

Protesters have taken to the streets in Jordan to demonstrate against rising fuel prices and to demand reforms. Some have called for King Abdullah II to step down.

Jordan relies on imports for 95 percent of its energy needs and has been struggling to find affordable alternatives to Egyptian gas supplies, which have been repeatedly hit by sabotage.

Iraq currently produces about 3.4 million barrels of oil per day, and is looking to dramatically ramp up both output and sales, bringing in much-needed cash to rebuild its conflict-battered economy.