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    OIL AND GAS

    Jordan to host energy conference in May: MinistryMarch 25, 2015

    Ministry of Energy and Mineral Resources will hold the Jordan International Energy Summit conference (JIES) on 19-20 May, 2015, a ministry statement said Tuesday.

    The JIES will provide a unique official platform to exchange ideas on developing investments where Summit leaders from both public and private sectors will adopt a special program to promote the conference as a regional leading event.

    A range of international companies"...

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    4-6% drop expected in fuel prices — MPMarch 23, 2015

    Fuel prices are expected to drop slightly in the domestic market as of April 1, Deputy Jamal Gammoh, head of the Lower House Energy and Mineral Resources Committee, said Thursday.


    The drop in prices of fuel products is expected to be between 4-6 per cent, Gammoh added.


    Basing his expectations on the average price of Brent Crude Oil on the international market during February, the deputy told The Jordan Times over the phone that the average prices for crude oil ranged from $52 to $55.


    "......

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    Oil shale company’s laid-off, serving employees go on strikeMarch 21, 2015

    Employees of the Jordan Oil Shale Company (JOSCO) started a work stoppage on Thursday until the fate of their laid-off colleagues is resolved.


    Sufian Nimri, one of the employees who were laid off this week and the protesters’ spokesperson, said a meeting between representatives of the JOSCO management, the Ministry of Labour and the employees"...

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    Oil shale company employees protest ‘surprise lay-offs’March 18, 2015

    A number of Jordan Oil Shale Company (JOSCO) employees gathered outside its premises in Amman on Tuesday to protest against a decision to lay them off.


    Sufian Nimri, one of the employees that were laid off and the protesters’ spokesperson, said JOSCO took the decision on Sunday.


    “We went to the company to work and they told us we are fired,” he told The Jordan Times over the phone.

    ......

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    Jordan-Israel gas deal fuels protest in AmmanMarch 7, 2015

    Hundreds of protesters have taken to the streets of Amman, as anger boils over a gas deal between Jordan and Israel.


    The Jordanian government is being accused of fueling the murder of Palestinians.

    Critics are calling for all agreements to be scrapped.


    “We are gathered here today because we are completely against Jordan buying gas from Israel. It’s actually not Israeli gas, it’s actually Palestinian"......

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    Energy committee discusses ratification of oil dealMarch 2, 2015

    The Lower House Energy and Mineral Resources Committee on Sunday continued reviewing the ratification of the draft law for developing, evaluating and producing oil in Jordan during discussions between the Ministries of Finance and Mineral Resources and Canadian Transeuro Energy Company at Hamza Field Area, in eastern Jordan, in 2014.

    During the meeting, attended by the Minister of Energy and Mineral Resources Mohammad Hamid and energy"...

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    Fuel prices expected to rise by 10-15%February 28, 2015

    Fuel prices are expected to increase by between 10 to 15 per cent as of March 1, the Gas Stations Owners Association (GSOA) said on Thursday.

    GSOA Director Ahmad Hattab said the expectation is based on the average price of Brent crude oil on the global market since the beginning of February.


    "The global price per barrel stood at $56 this month while it was $47 when"...

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