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    OIL AND GAS

    JD811 million in debts owed to refinery -- CEOApril 16, 2015

    Debts owed to the Jordan Petroleum Refinery Company ( JPRC ) total around JD811 million, its CEO said Wednesday.

    JPRC Chief Executive Officer Abdel Karim Alawin told The Jordan Times that the state-owned National Electric Power Company ( ......

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    Deputies reject draft oil exploration deal with Korean companyApril 15, 2015

    The Lower House on Tuesday rejected a draft oil exploration agreement with the Korea Global Energy Corporation and Enegi Oil Plc. that the government approved last year.


    Upon a recommendation by MP Abdul Karim Dughmi (Mafraq, 1st District), the House also referred the agreement to a committee investigating energy-related cases.

    ...

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    Gov't open to reviewing fuel pricing mechanism -- Saif April 8, 2015

    The government is willing to review the fuel pricing mechanism to enable the private sector to import oil derivatives, Energy Minister Ibrahim Saif said on Monday.

    "The ministry is ready to modify the monthly pricing mechanism to be more flexible and thus allow private companies to import and sell oil products," the Jordan News Agency, Petra, quoted Saif as saying.


    "...

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    Gov’t open to reviewing fuel pricing mechanism — SaifApril 7, 2015

    The government is willing to review the fuel pricing mechanism to enable the private sector to import oil derivatives, Energy Minister Ibrahim Saif said on Monday.


    “The ministry is ready to modify the monthly pricing mechanism to be more flexible and thus allow private companies to import and sell oil"...

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    Jordan's gas deal with Israel finally gets the green lightApril 5, 2015

    Prime Minister Benjamin Netanyahu together with Energy and Water Minister Silvan Shalom authorized Thursday the sale of natural gas from Israel’s Tamar gas field to private clients in Jordan.

    Under the terms of the $500-million deal, the Tamar natural gas reservoir partnership will sell 1.87 billion cubic meters of natural gas to Jordanian companies Arab Potash and its affiliate Jordan Bromine over the next 15 years.

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    Deputy says increase in gas prices justifiedApril 2, 2015

    The Lower House Energy Committee on Wednesday defended a government decision to increase the prices of gasoline.


    Committee Chairman Jamal Gammoh said the government increased prices of one litre of unleaded 90-octane gasoline in April to JD0.61, up from JD0.585 last month, while one litre of 95-octane now costs JD0.775 compared with JD0.74 in March.


    "...

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    Jordan to host energy conference in May: MinistryMarch 25, 2015

    Ministry of Energy and Mineral Resources will hold the Jordan International Energy Summit conference (JIES) on 19-20 May, 2015, a ministry statement said Tuesday.

    The JIES 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.

    A range of international companies"...

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    4-6% drop expected in fuel prices — MPMarch 23, 2015

    Fuel prices are expected to drop slightly in the domestic market as of April 1, Deputy Jamal Gammoh, head of the Lower House Energy and Mineral Resources Committee, said Thursday.


    The drop in prices of fuel products is expected to be between 4-6 per cent, Gammoh added.


    Basing his expectations on the average price of Brent Crude Oil on the international market during February, the deputy told The Jordan Times over the phone that the average prices for crude oil ranged from $52 to $55.


    "......

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    Oil shale company’s laid-off, serving employees go on strikeMarch 21, 2015

    Employees of the Jordan Oil Shale Company (JOSCO) started a work stoppage on Thursday until the fate of their laid-off colleagues is resolved.


    Sufian Nimri, one of the employees who were laid off this week and the protesters’ spokesperson, said a meeting between representatives of the JOSCO management, the Ministry of Labour and the employees"...

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