OIL AND GAS

Lower House approves Senate’s version of energy commission bill February 19, 2017

The Lower House on Sunday endorsed the Senate’s version of the 2015 draft law of the Energy and Minerals Regulatory Commission (EMRC), after previously refusing the senators’ changes, the Jordan News Agency, Petra, reported.

The Upper House, earlier this month, had insisted on its version of the draft law and sent it back to the Lower House.

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Egypt, Jordan sign MoU to re-export natural gas February 15, 2017

Jordanian Minister of Energy and Mineral Resources, Ibrahim Saif, will sign a memorandum of understanding (MoU) with his Egyptian counterpart, Tarek El-Molla, to re-export natural gas to the consuming countries in the region, Jordanian News Agency (Petra) reported on Tuesday.

During 2016, Egypt’s petroleum ministry signed eight agreements with six local and international companies with total investments of about EGP 709 million.


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KEPCO builds wind farm in Jordan February 15, 2017

Korea Electric Power Corp. (KEPCO) has begun the construction of an 89.1MW wind power plant in Amman, Jordan, solidifying its status as a leading utility firm in the Middle Eastern country. The state-run utility firm already operates two coal-powered plants there, accounting for 24 percent of the nation's power demand.

Hosted by CEO Cho Hwan-eik, KEPCO held a groundbreaking ceremony for the Jordan Fujeij Wind Farm, Monday, inviting more than 150 Jordanian government officials and business leaders.

The company expects it will cost about $184 million...

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Jordan activists claim fuel boycott successful February 12, 2017

While activists claim that the campaign to boycott fuel during the past three days has been “remarkably successful”, representative of the sector charged that the demand for gasoline soared over the weekend.

Late last month, the government decided to raise the prices of gasoline, kerosene and diesel by 3 to 8 per cent, and maintain the price of gas cylinders unchanged for February.

The"...

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Major solar power project gets underway February 11, 2017

A government-run fund on Thursday kicked off a major project to install about 200,000 solar water heaters and 100,000 solar electric systems at homes across the Kingdom in a bid to encourage a nationwide shift towards renewable energy and, simultaneously, ease dependence on fossil fuel.

The Jordan Renewable Energy and Energy Efficiency Fund (JREEEF), signed agreements today with 20 charities in the northern governorate of Irbid to start the actual installation of the solar systems. Under the project, the fund will subside the cost for each home by 50 per cent while the other 50 per cent...

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Jordan’s clean energy sector attracts global investments — report February 8, 2017

Jordan’s clean energy sector is witnessing “great momentum” and attracting world-renowned companies with decades of experience to invest in green technology projects in the Kingdom, a recent report indicated.

Jordan Clean Technology Sector Report 2016, released by EDAMA Association, showed that Jordan ranks second in the region for creating a favourable environment for renewable energy and energy efficiency investments,"...

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Combined-cycle gas plant to boost Jordan power supply February 7, 2017

A $485m combined-cycle plant is to replace an aging oil-fired power station in Jordan.

The gas-fired plant is being developed by ACWA Power and has secured backing from the International Finance Corporation and the Multilateral Investment Guarantee Agency, both part of the World Bank Group.

The IFC is investing up to $75m and mobilizing $200m of debt, while MIGA is providing a guarantee for 20 years, covering up to $215.6m in commercial debt.

The plant will be located in the Zarqa Industrial Zone and is being built"......

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Jordan summit to discuss key energy issues February 5, 2017

The third Jordan International Energy Summit (JIES), to be held in April, will provide an ideal platform for insightful debate on the energy issues facing the kingdom and the region.

The summit, on April 2 and 3, will be held under the patronage of His Majesty King Abdullah II and the Ministry of Energy and Mineral Development.

The summit comes at a crucial time for Jordan and supports its Energy Strategy as the kingdom makes progress on several key projects across the energy spectrum.

The JIES Summit is centered around a world-class programme with speakers from...

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Rimini Street Announces Preliminary Fourth Quarter and Full Fiscal Year 2016 Financial ResultsFebruary 4, 2017

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UAE firm to build 4.7MW solar plant in Jordan February 2, 2017

UAE-based Yellow Door Energy (YDE), a major investor and operator of distributed solar and energy efficiency assets, has signed an agreement with Jordan Hospital to build, develop and operate a 4.7 MW solar photovoltaic (PV) power plant in Amman.

The move comes as part of Jordan Hospital's efforts to reduce its CO2 footprint by moving to electricity generated from renewable energy sources, said Dr Abdullah Al Bashir, the general manager of Jordan Hospital after signing the deal with Jeremy Crane, CEO of Yellow"...

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