OIL AND GAS

Gov’t lowers prices of oil derivativesSeptember 1, 2015

The government on Monday decided to lower the prices of main oil derivatives as of Tuesday, September 1.

According to the new prices, one litre of unleaded 90-octane gasoline will be sold at JD0.560, down from JD0.620, while one litre of 95-octane will cost JD725 compared with JD800.

Prices of both diesel and kerosene went down to JD0.405 per litre on the new price list, from JD0.455.

The price of cooking gas, which is"...

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Jordan Vegetable Oil Industries suing traders, distributors to collect JD3.2mAugust 25, 2015

Jordan Vegetable Oil Industries Company ( JVOI ) is suing distributors and buyers for about JD3.2 million owed to it within the normal course of business activity.

In a disclosure to the Jordan Securities Commission, the company said the lawsuits entailed dues in the form of receivables and bounced cheques.

According to the balance sheet as of June 30, 2015, ...

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10-12% drop expected in fuel prices next month -- gas station owners syndicateAugust 24, 2015

Fuel prices are expected to go down by 10 or 12 per cent next month, Gas Stations Owners Association (GSOA) President Fahed Al Fayez said on Sunday.

Fayez based his expectations on the decline in the price of Brent crude oil, which stood at $45.46 per barrel on Saturday night.


He said the estimated drop should be applied in September if the government "is transparent""...

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EGAS denies Egypt’s LNG imports via JordanAugust 23, 2015

Egypt has denied Saturday news reports it is seeking to import liquefied natural gas (LNG) via Jordan’s Aqaba.


Khaled Abdel Badie, head of the Egyptian Natural Gas Holding Company (EGAS) stressed that no tenders had been put up for the importing of LNG. “ I am not sure what the source of those reports was,” he stated to Al-Masry Al-Youm.


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Jordan launches work on petroleum product reservoirsAugust 22, 2015

Jordan has commenced construction work on petroleum product reservoirs in the southern Amman area, according to a report. The project is aimed at providing additional storage capacity for petroleum products - diesel, gasoline and kerosene - with a total storage capacity of 340,000 tonnes, in addition to 10,000 tonnes storage capacity for liquefied petroleum gas (LPG), according to the Emirates News Agency (WAM) report. The Dh771-million ($209.8 million) project was financed as part of the UAE's allocation within the grants provided by the GCC, it said. The UAE Government has mandated...

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Petroleum product reservoirs project launched in JordanAugust 20, 2015

The Jordanian Government today commenced construction work of building petroleum product reservoirs in the southern Amman area. The launch celebration was attended by the Jordanian Prime Minister, Dr Abdullah Al Nusoor and Bilal Al Badoor, UAE Ambassador to Jordan.


The project aims to provide additional storage capacity for petroleum products (diesel, gasoline, and"...

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‘Jordan awaiting new shipment of 150,000 cubic metres of LNG’August 12, 2015

Jordan will receive a new shipment of liquefied natural gas (LNG) in the middle of this month, an official said Tuesday. A vessel laden with 150,000 cubic metres of LNG is scheduled to arrive in Aqaba to unload at the LNG terminal in the port city, according to Energy Ministry Spokesperson Haidar Gammaz. The shipment will be provided by Shell, he said, adding that Jordan received a shipment of 130,000 cubic metres of LNG last weekend. “A new shipment will arrive every 10 to 11 days to power the country’s electricity stations,” Gammaz said. Jordan said in late July that it was...

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Activists call for cancelling plans to buy gas from IsraelAugust 4, 2015

Lawmakers and professional associations' members on Monday urged the government to refrain from signing any deal to buy natural gas from Israel.

Jordan, they said, should not support the economy of Israel, which they labelled as the "enemy that will use the money from the deal to purchase bullets to kill the Palestinians" and go ahead with its provocations and violations in Al Aqsa Mosque.


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Fuel prices drop by 3 to 6%August 2, 2015

The government on Friday decided to lower the prices of fuel derivatives as of Saturday by between 3.2 per cent and around 6.2 per cent.


Under the decision, issued by Minister of Industry, Trade and Supply Maha Ali, one litre of unleaded 90-octane gasoline will drop to JD0.62 from JD0.655 (around 5 per cent"...

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King inaugurates LNG terminal, maritime services wharf in AqabaAugust 1, 2015

His Majesty King Abdullah II, accompanied by His Royal Highness Prince Al Hussein bin Abdullah, the Crown Prince, on Thursday, inaugurated Sheikh Subah Al Ahmad Al Subah Liquefied Natural Gas (LNG) Terminal and the maritime services wharf of the power ports in Aqaba.

The new projects will contribute to the development of the national economy, trade and services environment in Aqaba Special Economic Zone and enhance the Kingdom's energy supply.

The LNG port aims to compensate for the shortfall in the Kingdom's natural gas imports, diversify gas sources that is mainly used to generate...

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