New York Times Feed
The drop in international oil prices is good news for Jordanians, if it is reflected “fairly” on domestic fuel prices.
The fall in the price of Brent crude to its lowest level since late 2010 has prompted many Jordanians to hope the pace of the decline internationally would be reflected in the domestic market by the end of this month as the government is set to update fuel prices.
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Militants in Sinai sabotaged a gas pipeline between Egypt and Jordan Tuesday night, according to a report in Israeli media.
Egyptian security forces are investigating the incident, according to Israel Radio.
Unconfirmed reports from Egypt indicated the attack occurred in El-Arish in northern Sinai.
The reported attack on the pipeline occurred at around"......Continue Reading >
Dubai-headquartered companies Transworld Group and NAWAH announced today that the two firms have entered into a formal agreement to service Iraq’s growing demand for imports, linking their considerable shipping, logistics, marine services and port capabilities.
As part of their agreement, Transworld Group and NAWAH Port Management, NAWAH’s port operations business"...Continue Reading >
(ME NewsWire) -- EMAS AMC, the subsea division of EMAS, a leading global"...Continue Reading >
Jordan and Attarat Power Company (APCO) has signed a US$2.2bn deal to build oil shale-fueled power plant with a capacity of 470MW.
Mohammad Hamed, Jordan’s minister of energy, said that the oil shale-fueled power plant will begin operations by the end of 2018 and will cut the country’s energy spending by US$500mn annually, adding that the plant is the first of its kind in the region.
According"...Continue Reading >
IMF managing director Christine Lagarde warned of the fragile recovery of the global economy and the effects of the turmoil in the Middle East, especially the war against ISIS and the instability of Iraq and Syria, which could trigger higher global oil prices.
The annual Meetings of the International Monetary Fund (IMF) and the World Bank Group is scheduled for October"...Continue Reading >
The first shale oil-fuelled power plant in Jordan will be ready by the end of 2018, a report said, adding it is expected to cut the country's energy spending by $500 million annually.
The $2.2 billion plant will have a total capacity of 470 megawatts (MW), will use Jordan’s reserves of oil shale estimated at more than 70 billion tonnes, Minister of Energy and Mineral Resources Mohammad Hamed was quoted as saying in the Jordan Times report.
He was speaking at a press conference after signing a 30-year power purchase agreement with Enefit (Eesti Energia AS), YTL Power...
The Jordanian government, on Wednesday, signed a number of deals with Attart Power Company APCO - a joint venture of Estonian Enefit and Malaysian YTL International - to generate 470 megawatts of electricity through direct shale oil combustion. The total value of the investment stands at around $2.2 billion.
Prime Minister Abdullah Ensour said at the signing ceremony that shale oil exploitation is now a reality as the initial phase of"...
Jordan is hopeful that preparations for a project to extend an $18-billion pipeline to import crude oil from Iraq’s Basra to the port city of Aqaba will resume soon.
“After the formation of the new Iraqi government, I am hopeful that we will soon resume steps towards further implementation of the project,” Energy Minister Mohammad Hamed said during an event held last week by Edama Association.
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The government said Thursday the state-owned National Electric Power Company (NEPCO) is expected to buy 250-300 million cubic feet per day of natural gas from Noble Energy, which experts said will save around JD700 million annually of the energy bill.
Minister of Energy and Mineral Resources Mohammad Hamed said Thursday that NEPCO is in talks with the American company Noble Energy to determine the prices of gas it will buy from Israeli fields late 2017, expecting a deal soon.
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