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OIL AND GAS

Energy sector strategy will focus on reducing costs: MinistryJanuary 22, 2020

Amman, Jan. 21 (Petra)-- The Ministry of Energy and Mineral Resources said the comprehensive energy sector strategy for (2020-2030) will be announced after endorsing its final draft by the cabinet.

The strategy includes four components focusing on security of energy supply, affordable energy availability (lower energy costs) and sustainability, in addition to increased reliance on local sources, the ministry said Tuesday in a statement.

Through the strategy, the ministry seeks to diversify energy"...

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Middle East Tensions to be Diminishing Factor in Oil PricesJanuary 22, 2020

Just as tensions in the Middle East began to escalate, it seemed that regional, political and military factors will significantly influence oil price increase in the long term. Yet, it proved that no more than a week after a partial relief, crude oil prices are 10 % down, Gulf Brokers reported.

While price of Brent Crude oil marker grew to 70 USD per barrel shortly after the attacks, it declined to 64 USD per barrel on 16th January. Furthermore,"...

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Dream Chasing 20 years, Anton Oilfield Services Group to Embark on a Road AheadJanuary 22, 2020

Anton Oilfield Services Group, an international integrated oilfield service company, had an anniversary gala with about 500 guests in Beijing on January 19th, 2020 to celebrate their 20 years of achievement.

From local start-up to international company

Anton Oilfield Services Group was established in Tarim Basin, China in 1999. Under the leadership of Luo Lin, the entrepreneurial"...

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SNC-Lavalin awarded oil and gas contract from Al Dhafra Petroleum, United Arab EmiratesJanuary 21, 2020

SNC-Lavalin announces that it has been awarded an engineering services contract from Al Dhafra Petroleum, a joint venture company between ADNOC and the Korea National Oil Corporation and GS Energy. This contract win is aligned with SNC-Lavalin’s new strategy moving forward to greater growth and engineering services.

Under the nine-month agreement, SNC-Lavalin will provide front-end engineering and design (FEED) services for the second phase"...

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Lower House passes bill to scrap import of Israeli gasJanuary 20, 2020

AMMAN — In a majority vote, the Lower House on Sunday passed a draft law that bans the import of Israeli gas to the Kingdom, proposed by the Chamber's Legal Committee.

MPs approved referring the bill to the government as a matter of urgency, according to Lower House Speaker Atef Tarawneh, the Jordan News Agency, Petra, reported.

As Jordan and Israel have a peace"...

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Total reduction in 2020 energy budget amounts to JD14.9 millionJanuary 20, 2020

Amman, Jan.19 (Petra)-- The total reduction in the Ministry of Energy and Mineral Resources 2020 budget, which was approved by the Lower House's Financial Committee, amounted to JD14,972 million.

Ministry's spokesperson, Mashhour Abu Eid told Petra that in accordance with the committee’s decision, a number of the Ministry’s budget items have been reduced in the capital and current expenditures sections.

The reduced items include JD3 million allocated from 'Fils Al Reef'"...

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Top expert lauds Jordan for promoting renewable energy solutionsJanuary 19, 2020

Amman, Jan 18 (Petra) –– International Renewable Energy Agency (IRENA) Director General Francesco La Camera said Jordan had a robust role in promoting and spreading renewable energy solutions globally.

He made the remark during a meeting with Secretary General of the Arab Renewable Energy Commission (AREC) Mohamed Taani on the sidelines of the tenth IRENA General Assembly, which was recently held within the Abu Dhabi Sustainability Week.

Taani announced in a statement that IRENA will"...

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Industrial sector to benefit from solar energy scheme January 7, 2020

AMMAN — The Kingdom's chambers of industry will soon float an executive tender for a solar energy project allocated to the industrial sector, President of the Amman Chamber of Industry (ACI) Fathi Jaghbir said on Monday.

Jaghbir said that the project aims at providing electricity to factories at preferential prices and enhancing the competitiveness of national industries locally and internationally, the Jordan News Agency, Petra, reported.

"...

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Lower House to take up Israeli gas deal again on January 19January 6, 2020

AMMAN — The Lower House on Sunday announced that it will hold a monitoring session on January 19 to discuss the controversial deal between the National Electric Power Company (NEPCO) and Noble Energy to import natural gas from Israel.

During Sunday's session, House Speaker Atef Tarawneh said that the Chamber will convene for a special session on all energy deals signed by Jordan.

Sunday’s"...

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January sees hike in fuel pricesJanuary 2, 2020

AMMAN — The government’s fuel pricing committee on Tuesday decided to raise the prices of unleaded 90 and 95 octane gasoline in January.

With the committee’s decision, the price of one litre of unleaded 90-octane gasoline will go up from JD0.775 in December to JD0.785 in January, according to an Energy Ministry statement.

The price per litre of unleaded"...

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