OIL AND GAS

Iraqi government considers stopping oil supply to JordanJuly 20, 2014

The Iraqi government of outgoing Prime Minister Nuri al-Maliki is considering stop of supplying Jordan with agreed oil quantities per day, due to the conference held by Iraqi opponents in Amman last Wednesday.

An Iraqi source close to the Iraqi government said in a statement to "Arabs Today" newspaper seen by "Shafaq News", that " al-Maliki was very angry from Amman for hosting the Iraqi Conference that included about 150 Sunni opposition personal to his government".


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Jordan to ease dependence on Egyptian gasJuly 5, 2014

Jordan’s high energy import bills and the frequent power cuts resulting from shortfalls in supplies from Egypt may soon become less of a problem as a new liquefied natural gas (LNG) import facility at the port of Aqaba is set to come on-line by the end of the year.

Work on the $65m terminal to the south of Aqaba is on schedule, according to Energy Ministry officials, with a floating regasification plant to process the LNG already rented. Construction finance is being provided by the Kuwait Fund for Arab Economic"...

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Jordan government approved of Eesti Energia’s oil shale projectJuly 1, 2014

On Sunday, the Government of Jordan approved the project involving Eesti Energia building an oil shale power plant, writes LETA/Delfi.ee, citing Xinhua.

According to the Minister of Energy Mohammad Hamed, the agreement between the Government of Jordan and the Estonian-Malaysian international consortium will be signed within the next two weeks.


Press"...

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Gov’t decides slight rises to fuel prices despite soaring oil pricesJuly 1, 2014

The government on Monday raised the prices of main oil derivatives by nearly 1 per cent, with an official saying the increase was meant to be slight because of Ramadan.


According to the decision taken by the pricing committee, one litre of unleaded 90-octane gasoline will be sold at JD0.855, up from JD0.845, while one litre of 95-octane will cost JD1.040, compared with JD1.030.


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Cabinet okays oil shale projectJune 30, 2014

The Council of Ministers on Sunday endorsed all agreements prepared by the national electricity company with an Estonian company that will carry out a mega oil shale energy project in the Kingdom.

Minister of Energy and Mineral Resources Mohammad Hamed briefed the cabinet on the project to produce electricity through direct burning of oil shale.

The ministers were updated on the progress of work while the Mining and Energy Regulatory"...

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Bilfinger Deutsche Babcock Appoints New Management BoardJune 30, 2014

Bilfinger Deutsche Babcock is pleased to announce the appointments of Hakan Yapici as Chief Executive Officer (CEO) and Stefan Herschler as Chief Financial Officer (CFO).


The appointments follow a strategic approach to further foster organic growth and introduce the full product portfolio of the Bilfinger group to the region. As managing directors of Bilfinger Deutsche Babcock"...

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Afton Chemical Breaks Ground for Its State of the Art Facility on Jurong Island, SingaporeJune 26, 2014

Afton Chemical Corporation will expand its global supply network with the addition of a new chemical additive manufacturing facility on Jurong Island, Singapore. Designed and located to support the growth of the Asia-Pacific and Middle East markets, the plant will start to produce components in January 2016 to support the next generation of additive solutions.


Construction"...

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Petra Solar Completes the Middle East’s Largest Smart Solar Project in BahrainJune 25, 2014

Petra Solar™, a fully owned subsidiary of Petra Systems, a leading global technology provider for the renewable energy, energy efficiency, and distributed power generation markets, announced today that it, along with its partner Caspian Renewable Energy, Inc., has successfully completed the installation of the largest Smart Solar power plant in the Middle East.


The five-megawatt"...

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Dealers urge gov’t to keep fuel prices stable during Ramadan to prevent food price hikesJune 22, 2014

Food merchants have called on the government to keep fuel prices unchanged as the monthly pricing update due next week would coincide with the beginning of Ramadan.


In remarks to The Jordan Times Thursday, traders, who said they pledged not to increase prices of food items in Ramadan when demand surges sharply, indicated that any increase on fuel prices would put additional costs on suppliers and would automatically be reflected on end consumers.

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