Oil Expenditures Up 21% in H1-2017

تم نشره في Wed 23 August / Aug 2017. 12:00 AM
  • Oil Barrels Prepared - (Reuters)

AMMAN —AlGhad— The overall expenditure on oil imports and fuel derivatives increased by 21 per cent in the first half of the year, H1-2017, compared to H1-2016, according to the figures of the public Department of Statistics.

In H1-2016, the Treasury spent around JOD882.7 million on oil imports and derivatives, compared to JOD1.06 billion during the first six months of 2017.

In just six months, Jordan spent JOD357.9 million on crude oil exports, compared to JOD257.5 million in the same duration last year.

Around JOD1 billion were allocated to diesel imports, compared to JOD1.6 billion in H1-2016.

Meanwhile, Jordan has imported around JOD437.3 million worth of oil gases, compared to JOD282.9 in the first six months of 2016.

As a result, the commercial balance deficit has increased by 5.3 per cent, to around JOD4.5 billion, as exports comprised around 35.5 per cent of imports in the first six months of the year.