OIL AND GAS

‘Iraq determined to complete oil-gas pipeline’May 23, 2015

Jordan and Iraq are serious about building an $4.5 billion pipeline to import crude oil from Basra to the port city of Aqaba, Iraqi Deputy Prime Minister Saleh Al Mutlaq said Friday.


“This is a vital project for Iraq and Jordan… It should be clear that Iraq is determined to implement the project in spite of the challenges on the ground,”"...

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Jordan: Lower energy prices to increase competitivenessMay 21, 2015

Key contributors to Jordan’s growth are expected to be stronger construction activity and mining exports as well as higher government investment, according to a study.

QNB Group has published its Jordan Economic Insight 2015. The report examines how the Jordanian economy continues to recover, despite a difficult regional context and a weak global economy.

Despite a difficult regional context, real GDP growth is expected to accelerate to 4.0 percent in 2015 and gather further momentum in 2016 (4.3 percent) and 2017 (4.5 percent) as economic reforms continue to bear fruit.

Sustained...

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Jordan International Energy Summit kicks off tomorrowMay 19, 2015

The Ministry of Energy and Mineral Resources will hold on Tuesday the Jordan International Energy Summit (JIES).

The two-day event, which will be held under the patronage of Prime Minister Abdullah Ensour, will provide a unique official platform to exchange ideas on developing investments where Summit leaders from both public and private sectors will adopt a special program to promote the conference as a regional leading event.

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UAE hosts the 1st “Shell Technology Leadership Event” in the regionMay 7, 2015

The first Shell Technology Leadership Event (STLE) kicked off in the UAE this morning, marking the brand’s first technology event in the Middle East, Central Asia and Pakistan (MECASTAN) region. The two-day event is being held on the 7th and 8th of May at Dubai’s Mina A’Salam Hotel, bringing together leading industry experts to discuss the “Future of Energy Supply” in the region and showcase energy efficient models as well as innovative ways of implementing alternative and renewable power solutions.

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Jordan Benefits But Low Oil Prices Hurt OmanMay 6, 2015

For some countries in the Middle East, low oil prices are a boon. For others, they’re just bad fortune.


The International Monetary Fund on Tuesday said the decline in oil prices is expected to push Oman’s current account surplus to a deficit from this year onwards. The day before, the multinational lender predicted that Jordan would reduce its debt and “rebuild"...

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KEPCO Completes Record-Breaking Power Plant in JordanMay 2, 2015

KEPCO has completed building the world's largest diesel-powered plant in Jordan. The completion ceremony of the Amman Asia Power Plant on Wednesday was attended by over 200 people including KEPCO president Cho Hwan-ik and Jordanian Prime Minister Abdullah Ensour.

KEPCO says the plant is in Guinness World Records for being the world's biggest diesel-powered plant with the capacity to generate 573 MW in 30 minutes.


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May conference to highlight energy opportunities in JordanApril 28, 2015

The capital is scheduled to host the “Jordan International Energy Summit and Exhibition” next month to discuss challenges and opportunities related to the country’s energy needs, organisers said Monday.


The summit provides an official platform for local firms to become acquainted with relevant"...

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2-3.5% rise expected in fuel pricesApril 27, 2015

Fuel prices are expected to increase by between 2 and 3.5 per cent as of May 1, according to the Gas Stations Owners Association (GSOA). The expectation is based on the average price of Brent crude oil on the global market, GSOA President Fahed Al Fayez said on Sunday.


“The rise in fuel prices will have a negative impact on people’s financial situation"...

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