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OIL AND GAS

Ministry of Energy: Global oil prices climb in July's second weekJuly 16, 2019

Amman, July 15 (Petra) - Prices of international oil derivatives during the second week of July increased compared to their prices in the first week of the month, according to a report by the Ministry of Energy and Mineral Resources on Monday.

The report stated that the price of gasoline octane 95 rose 5.1 percent to be $646.8 per ton from $615.6 per ton, while gasoline octane 90 rose by 4.2 percent to $621 per ton from $595.8 per ton, the report added.

Diesel prices also rose 2.7 per cent to be"...

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ACC warns of ''unfair competition in renewable energy sector''July 16, 2019

Amman, July 15 (Petra) -- The Amman Chamber of Commerce (ACC) Monday warned that national manufacturers of energy-saving equipment are subject to 'unfair competition' threatening them with going out of business as the market is 'being dumped' with imports.

Local factories pay customs fees and taxes while imported goods are exempt, the ACC said in a statement, pointing out to 'hardships' facing manufacturers obtaining necessary approvals for production.

The ACC noted that the"...

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Local energy efficient appliances industry laments ‘unjust competition’July 16, 2019

AMMAN — The Amman Chamber of Industry on Monday said that local energy efficient electric appliances industry is facing “unjust” competition from imported goods that “threaten its existence”.

The chamber, in a statement carried by the Jordan News Agency, Petra, said that there has been a significant increase in electrical appliance imports for low prices, adding that local factories pay customs fees and taxes while"...

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Aqaba mosques to receive solar panel systems as part of clean energy drive July 11, 2019

AMMAN — Solar panel systems will be installed on Aqaba's 35 mosques to save an estimated JD600,000 annually in power bills, according to an Energy Ministry statement.

Minister of Energy and Mineral Resources Hala Zawati on Wednesday said that the project will be implemented through the Jordan Renewable Energy and Energy Efficiency Fund (JREEEF), in cooperation with the ministries of energy and awqaf.

The"...

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Iraq to export oil to Syria, Jordan: Iraqi PM Adil Abdul MahdiJuly 10, 2019

SULAIANI – Iraqi Prime Minister Adil Abdul Mahdi said on Tuesday (July 9) that he had sent several proposals to the Council of Ministers, including exporting oil to Jordan and Syria.

Abdul Mahdi said during his weekly conference that his country had lost several pathways for exporting oil, thus it should export oil in different ways for the time being.

“There"...

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Time to shift focus to decentralised solar energy, report urges gov’tJuly 10, 2019

AMMAN — While Jordan ranked one of the top three emerging markets in terms of clean energy investment in 2018, according to Bloomberg rankings, it needs to shift its focus to decentralised solar energy, an approach which remains largely untouched, according to a report released at Tuesday's “Decentralised Solar in Jordan” conference.

Whereas distributed and utility-scale solar have been successfully deployed in Jordan in the"...

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Ministry announces measures to regulate teaching, courses-July 8, 2019

AMMAN — The Ministry of Higher Education is in the midst of taking regulatory measures expected to be addressed at Parliament’s extraordinary session, Minister of Education and Minister of Higher Education Walid Maani said on Sunday.

Maani added that the ministry plans to further regulate teaching and university courses, according to the Jordan News Agency, Petra.

The"...

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KOC Awards Halliburton Integrated Offshore Services ContractJuly 2, 2019

Kuwait Oil Company (KOC) and Halliburton (NYSE: HAL) today announced the companies have signed an Integrated Offshore Drilling Services contract for six high-pressure high-temperature (HPHT) exploration wells on two jack-up rigs in the Arabian Gulf. Through Halliburton Project Management, the Company will provide and manage drilling, fluids, wireline and perforating, well testing, coring, cementing, coiled tubing, and all offshore logistical services. Additionally, Halliburton will provide the offshore rigs and supply vessels"...

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First shipment of Iraqi crude oil expected this weekJuly 1, 2019

The first shipment of Iraqi crude oil is expected to arrive this week, Nael Thiabat, owner of Burj Al Hayat Transport and Trading Co., the company that had won the tender to transport 500,000 tonnes of Iraqi crude from Baiji in Iraq to the Jordan Petroleum Refinery Company (JPRC) in Zarqa Governorate, said on Sunday.

All financial and technical matters have been taken care of, including the accreditations from the Jordanian government and the Iraqi"...

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Jordan to double its production of renewable energy next year, says energy ministerJune 22, 2019

Amman, June 20 (Petra) - Minister of Energy and Mineral Resources, Hala Zawati, predicted that Jordan's production of electricity generated from renewable energy will reach about 20 percent of its consumption needs in 2020, compared with its 11 percent currently produced locally.

The minister's remarks came during her participation at the International Institute for Energy Security, held at the University of Jordan, organized by the Arab Institute for Security Studies, Al-Rai Center for Studies and the"...

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