OIL AND GAS

Officials report Jordan oil spill in Red Sea August 25, 2016

Jordan has notified Israel of a pipeline leak in the Red Sea that has reportedly dumped 200 tonnes of crude oil near the port of Eilat, officials said on Tuesday.

Jordan's civil defence chief at the Aqaba port told a local news site that the leak was brought under control within 15 minutes, but did not say much oil had spilled.

Meanwhile an Israeli foreign ministry spokesman"...

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Crude oil leak in Jordan's Aqaba could harm Eilat August 23, 2016

200 tons of crude oil leaked into the Gulf of Aqaba from Jordan's Aqaba port on Tuesday, Haaretz reports, raising fears in Israel of possible contamination on Eilat's beaches and harm to its coral reef.

Initial reports suggested that the oil spill was drifting southward toward the beaches of Jordan and Saudi Arabia, but due to the proximity of the spill, at least some of the oil is expected to reach Israeli beaches.

A"...

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Kerui Petroleum Launches High-Temperature High-Pressure Nitrogen Truck to Help Increase Paraffin Removal Efficiency and Decrease Equipment CostsAugust 23, 2016

Kerui Petroleum announced that the first paraffin removal operation of their latest independent-developed High-Temperature High-Pressure Nitrogen Truck has been successfully completed at Karamay Oilfield, Xinjiang, where eight paraffin-clogged wells were revived by the new Nitrogen truck. Featuring free switch between normal and high-temperature high-pressure Nitrogen, the truck was appreciated by the client so much because of its wider range of applications, which could ultimately decrease the cost.


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23rd World Energy Congress Set to Shape Future Global Energy LandscapeAugust 10, 2016

  • Two months to go until the world’s largest and most influential energy event
  • 261 Speakers from 84 Countries, including 48 Ministers

Momentum is building towards the 23rd World Energy Congress, due to take place in Istanbul between 9th and 13th October, just two months away. Government ministers from almost 50 countries are among the 261 influential senior leaders confirmed to speak at the event.


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Fuel prices reduced by about 4%July 31, 2016

The government Sunday reduced the prices of oil derivatives by about 4 per cent, but kept unchanged the price of a cooking gas cylinder, according to a decision announced by Deputy Premier for Economic Affairs, Minister of Industry, Trade and Supply Jawad Anani.

The decision was taken by the government's pricing committee under the monthly review of fuel prices amid falling global oil prices.

The committee set the price of unleaded"...

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Private sector diesel imports ‘first step to full liberalisation’ — ministerJuly 24, 2016

Allowing the private sector to import diesel is the first step towards full liberalisation of the local market, Energy Minister Ibrahim Saif said on Saturday.


Saif described the process as “successful”, and said that imports were “going smoothly”, the Jordan News Agency, Petra, reported.

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