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    OIL AND GAS

    Fuel prices expected to go up in June May 28, 2016

    AMMAN — Fuel prices in the domestic market are expected to go up by 4 per cent to 5 per cent in June, an informed source told The Jordan Times Thursday. The source, who requested to remain unnamed, said gasoline prices may see an increase of about 3.4 per cent, while diesel and kerosene may go up by 5 per cent, whereas the price of cooking gas cylinders would remain unchanged. Gas Stations Owners Association President Nahar Seidat also expected a rise in the domestic prices of oil derivatives in June as global oil prices in May recovered tangibly. He told The Jordan Times that the price of...

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    Construction of Iraqi oil-gas pipeline expected to start this year — envoyMay 25, 2016


    Construction of the oil pipeline between Iraq and Jordan is expected to start this year, according to the Iraqi Ambassador to Jordan Safia Al Souhail.


    The pipeline is planned to export Iraqi crude oil via Jordan and provide the Kingdom with its oil needs.


    "There is huge support from our government to the project and we expect more steps to be taken this year regarding its implementation," Al Souhail told The Jordan Times in a recent interview,"......

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    Israel-Jordan gas agreement moves closerMay 25, 2016

    Noble Energy SVP Keith Elliot says an agreement for the export of gas to Jordan will be signed soon.

    Senior figures in the Israeli natural gas sector and Noble Energy senior VP Eastern Mediterranean Region Keith Elliot today predicted that an agreement for the export of gas to Jordan would be signed soon. At a conference this week in New York, Elliot asserted, "That’s"...

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    Crescent Petroleum, the British Council and Edraak Launch Series of Free Online English Courses for Arabic SpeakersMay 23, 2016

    The Gulf’s longest serving private oil and gas company, Crescent Petroleum, in partnership with the British Council and Edraak, the first nonprofit “Massive Open Online Course” (MOOC) platform, is launching a series of free online English courses for native Arabic speakers in May.


    Backed by the Queen Rania Foundation (QRF), Edraak aims to bring world-class"...

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    Jordan expands refinery capacity to meet rising demand for fuelMay 17, 2016

    The Jordan Petroleum Refinery Company (JPRC) said Monday it started talks with several equity and loan providers to implement a 1.6-billion-U.S. dollar project to expand the capacity of the country's sole refinery.


    "This is a very important project as the last time the refinery was expanded in 1982. We have conducted the feasibility study on the project already," JPRC CEO"...

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    Algeria, Jordan sign MoU in energy fieldMay 17, 2016

    Algerian and Jordan signed Monday, in Amman (Jordan), a memorandum of understanding in the field of energy, to strengthen bilateral cooperation in the area.


    The document was signed by the Minister of Energy, Salah Khebri and the Jordanian minister of Energy and Mineral Resources, Ibrahim Saif, at the end of the opening session of the global summit on energy taking place"...

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    ees Europe: Energy Storage System Triggers Paradigm Change in the Energy SectorMay 11, 2016

    ees Europe, Europe's largest exhibition for batteries and energy storage systems, sends a positive signal to the market: The exhibition space was already booked up by 200 exhibitors two months before the start of the exhibition– a sure sign of the development in the worldwide energy storage market which is driving the global energy revolution. ees Europe will be held once again in Munich from 22 to 24 June 2016 together with Intersolar Europe the world’s leading exhibition for the solar industry and its partners."...

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    Estonian company sells majority of stake in shale oil power plantMay 8, 2016

    AMMAN — Estonia’s Eesti Energia signed an agreement to sell the majority of its stake in Jordan’s first $2.2 billion power plant to be fuelled by oil shale. Under an agreement it signed and announced on its website over the weekend, Eesti Energia sold 45 per cent of its stake in the project to Yudean Group, while Malaysia’s YTL Power International Berhad increased its stake from 35 per cent to 45 per cent and Jordan’s Near East Investments Limited exited the project. After this agreement, Eesti Energia will only own 10 per cent of the project, according to a statement...

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    Eesti Energia to sell Jordan oil shale project to Chinese power companyMay 7, 2016

    Eesti Energia will sell 45% of the shares in its oil shale power plant and extraction project in Jordan to the Chinese state-owned company Yudean Group. It will retain a 10% stake in the project and become a minority shareholder.

    The Attarat Power Company (APCO) announced that its shareholders Eesti Energia, YTL Power International Berhad (YTL) and Near East Investment (NEI) signed an agreement to introduce a new shareholder, Yudean Group, to the project"...

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    Jordan International Energy Summit to highlight challenges and solutionsMay 4, 2016

    The Jordanian Prime Minister, Dr. Abdullah Ensour, will open the second Jordan International Energy Summit (JIES), taking place on 16-17 May 2016 at the Four Seasons Hotel, Amman, Jordan.


    The Prime Minister is set to lead the conference programme, which will combine insights into the role that Jordan plays as a primary"...

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