New York Times Feed
Jordan’s imports bill for crude oil and oil derivatives plummeted by a major 49 per cent in the first nine months of the current year, thanks to cheap oil prices.
The Arab kingdom’s imports of oil and fuel went down to JOD1.7 billion by the end of September compared with JOD3.3bn in the same period last year.
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Worsening Jordan-Israel relations and regulatory problems in Israel are preventing an agreement says the Marshall Fund.
"Gas imports from Israel are Jordan’s best option… objections to importing gas from Israel… have been voiced by certain political groups and segments of the public. The king and his advisers seem committed to this course," a report on Jordan's natural gas sector published by the German Marshall Fund,"...Continue Reading >
Schlumberger Limited (NYSE: SLB) and Cameron International Corporation (NYSE: CAM) jointly announced today that the U.S. Department of Justice has cleared their proposed merger without any conditions, granting early termination of the waiting period required by the Hart-Scott-Rodino Antitrust Improvements Act of 1976 with respect to the proposed merger.
The closing of the"...Continue Reading >
Jordan plans to provide factories with natural gas, which is much cheaper than heavy fuel and diesel, in order to increase their competitiveness, Prime Minister Abdullah Ensour said Tuesday. Noting that the industrial sector consumes about 25 per cent of electricity generated in the Kingdom and about 20 per cent of overall energy resources, the premier said the liquefied natural gas (LNG) terminal in Aqaba will facilitate such a project. Ensour made the remarks at the opening of the ENERGIZE Jordan 2015 conference, attended by more than 300 representatives of the energy and industrial sectors,...Continue Reading >
Bold new ideas for helping Syrian refugees and their overburdened Middle Eastern host countries are gaining traction among international donors, shocked into action by this year's migration of hundreds of thousands of desperate Syrians to Europe.
Rather than struggling to gather humanitarian aid for refugees, the plans center around investing billions of dollars, much of"...Continue Reading >
Jordan’s National Electric Power Co. plans to issue a mid-term tender seeking LNG for delivery over 2018-2019, International Gas Report quoted a source close to the company saying.
“Nepco will announce the next tender, 2018-2019, after re-evaluating its needs for gas for these years,” the source said as the new tender will occur after a recent one was only partially awarded.
Nepco"...Continue Reading >
The oil pipeline between Iraq and Jordan is a priority for the Iraqi government to serve its economy and guarantee the sustainability of exports, Iraqi Finance Minister Hoshyar Zebari said Tuesday.
Baghdad is currently considering the best alternatives to change the pipeline's course to pass through safer areas inside the country, Zebari told the Jordan News Agency, Petra, on the sidelines of a press conference held in Amman with the head of the International Monetary Fund's mission to Iraq.
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Grandweld has announced the successful delivery of one new build 50 Meter Dive Maintenance & Support Vessel to Abu Dhabi National Oil Company (ADNOC) on the3rd of November 2015.The vessel was part of a shipbuilding contract signed on 19th December 2013 to design, build & deliver one Dive Maintenance & Support Vessel.
The"...Continue Reading >
A Kazakh delegation headed by First Deputy Foregin Minister and "EXPO 2017" Commissioner, Rapil Zhoshybayev, will arrive in Amman today to encourage Jordanian enterprises to participate in EXPO 2017.
The Kazakh embassy in Jordan said the visit comes on the sidelines of Kazakhstan capital Astana's hosting the event slated to be held from June 10 to September 10, 2017.
The embassy said in a statement that the delegation will hold"...
The government on Monday decided to keep the prices of main oil derivatives unchanged as of Sunday November 1.
The government pricing committee, which keeps track of prices in the internal market, has kept the current prices of oil derivatives at their current level as follows: one litre of unleaded 90-octane gasoline will be sold at JD0.555 and one litre of 95-octane will cost JD720.
The Price of diesel and kerosene is at JD0.410"...