New York Times Feed
The Lower House Energy and Mineral Resources Committee on Sunday continued reviewing the ratification of the draft law for developing, evaluating and producing oil in Jordan during discussions between the Ministries of Finance and Mineral Resources and Canadian Transeuro Energy Company at Hamza Field Area, in eastern Jordan, in 2014.
During the meeting, attended by the Minister of Energy and Mineral Resources Mohammad Hamid and energy"...
Fuel prices are expected to increase by between 10 to 15 per cent as of March 1, the Gas Stations Owners Association (GSOA) said on Thursday.
GSOA Director Ahmad Hattab said the expectation is based on the average price of Brent crude oil on the global market since the beginning of February.
"The global price per barrel stood at $56 this month while it was $47 when"...Continue Reading >
Consumers in Jordan spent around JD58 million on food and fuel during the few days before the blizzard, which hit the Kingdom over the weekend, stakeholders said on Monday.
In phone interviews with The Jordan Times, representatives of the food and gas station sectors said the run up to the snowstorm was marked by an increased demand on basic commodities,"...Continue Reading >
The Jordanian Minister of Energy and Mineral Resources, Mohamed Hamed, unveiled his country's determination, Egypt and Iraq to extend a gas pipeline from Iraq to Jordan, to provide his country and Egypt with a part of their requirement of Iraqi natural gas.
Al-Araby al-Jadeed newspaper reported, a statement quoted the Jordanian minister as saying that the gas pipeline, which is intended to be implemented, will work on the oil pipeline, which will extend between Iraq and Jordan in terms of the use of gas to generate"...Continue Reading >
Prime Minister Abdullah Ensour on Wednesday met with the Egyptian Minister of Petroleum and Mineral Resources, Sherif Ismail, in the presence of the Minister of Energy and Mineral Resources, Mohammad Hamid, and the Egyptian Ambassador in Amman, Khaled Tharwat.
Talks during the meeting dealt with ways to boost cooperation between the two countries in the energy field.
Ensour reviewed the burden being shouldered by Jordan as a"...
The Lower House Financial Committee disagreed with the government over the assumption related to the base price of crude oil in the draft 2015 state budget law, lowering it from $100 a barrel to $60 a barrel.
In its report of recommendations referred to the Lower House over the weekend, the committee said its decision to adopt $60 as the base price"...Continue Reading >
The liquefied petroleum gas (LPG) terminal in Aqaba will begin operations at the end of February, according to Aqaba Development Corporation (ADC) CEO Ghassan Ghanem.
In an Aqaba Special Economic Zone Authority (ASEZA) statement sent to The Jordan Time on Monday, Ghanem said the ADC will receive the project"...Continue Reading >
Pipeline engineering and construction leader China Petroleum Pipeline, along with distributor and logistics service provider North America Western Asia Holdings, today announced that the two companies have entered into an agreement to jointly pursue potential energy sector development projects in Iraq.
With projections calling for $48 billion of infrastructure investment"...Continue Reading >
Jordan is expected to sign a deal with British Gas Group Plc. this month to import natural gas from the Gaza Strip, according to Minister of Energy and Mineral Resources Mohammad Hamed.
Jordan seeks to import 130 to 150 million cubic feet of natural gas per day from the company, which has the rights for developing natural gas"...Continue Reading >
cippe 2015 CIPE 2015 CING 2015
The 15th China International Petroleum & Petrochemical Technology and Equipment Exhibition (cippe) will be held at Beijing New International Exhibition Center on March 26-28, 2015, simultaneously with the 15th China International Exhibition on Equipment of Pipeline and Oil & Gas Storage and Transportation (CIPE) and the 5th China International Natural Gas Technology & Equipment Exhibition (CING).
...Continue Reading >