OIL AND GAS

Jordan's government signs seven energy deals April 4, 2017

The government on Sunday signed 7 agreements and Memoranda of Understanding on the sidelines of the third Jordan International Energy Summit.

The deals included a memo to import and export natural gas and liquefied gas, which was inked by Minister of Energy and Mineral Resources, Ibrahim Seif, and his Egyptian counterpart, Tariq Al-Mulla.

Another deal with the Jordanian-Egyptian Fajr for Natural Gas Transmission and Supply company"...

Continue Reading >
Egypt, Jordan sign gas supply dealsApril 4, 2017

Egypt's Minister of Petroleum Tarek El-Molla has signed four gas deals with Jordanian officials on the sidelines of the third Jordan International Energy Summit held on Monday in Amman.

The deals included a memo to import and export natural and liquefied gas, in addition to other deals brokered by the Jordanian-Egyptian Fajr Company for Natural Gas Transmission and Supply.

"...

Continue Reading >
Global-IP Announces the Selection of SpaceX to Launch its 150 Gbps GiSAT-1April 3, 2017

Global-IP Cayman, the innovative satellite communications company with the mission to bring cost-effective Internet and related value-added services to Sub-Saharan Africa, announced today it has signed a launch services agreement with Space Exploration Technologies Corp. (“SpaceX”) for its first communication satellite GiSAT-1. GiSAT-1 is a High-Throughput Satellite (“HTS”) with 150 Gbps of capacity, currently under construction by The Boeing Company.

SpaceX’s"...

Continue Reading >
Iraq gov't tentatively oks oil pipeline project with Jordan, says officialApril 2, 2017

The Iraqi government has agreed in principle to press ahead with an oil pipeline project with Jordan at an estimated cost of $5.6 billion, an Iraqi official announced Sunday.

Speaking on the sidelines of the third edition of the Jordan International Energy Summit, Undersecretary of the Iraqi Ministry of Oil, Dya'a Ja'afar, said his country's government is currently in talks with the company that will carry out the venture to agree on technical"...

Continue Reading >
Fuel prices to remain stable in April, despite decrease on international market April 2, 2017

The government on Friday decided to maintain fuel products prices in April, despite the drop in international oil prices.

The government’s decision came after an addition of JD0.02 on each litre of 90-octane gasoline and 95-octane gasoline, JD0.015 on each litre of diesel and kerosene, in order to support the budget as part of the Kingdom’s financial reform, the Jordan News Agency, Petra, reported.

...

Continue Reading >
Fuel prices to remain unchanged in April April 1, 2017

The government's oil pricing committee Friday kept the prices of fuel derivatives unchanged for the month of April, but imposed a 20-fils tax on gasoline and 15-fils tax on diesel and kerosene, it said in its monthly update.

The Ministry of Industry and Trade committee, which sets prices on monthly basis according to oil price fluctuations in the global market, said it fixed prices despite a slight drop in the international markets in"...

Continue Reading >
ACWA, NEPCO sign power dealMarch 29, 2017

ACWA Power and the National Electric Power Company (NEPCO) on Monday signed an electricity purchasing agreement as part of a set of 15 agreements between Saudi Arabia and Jordan.

The deal will see the development, financing, construction, ownership and operation of a new 61.3MWp solar energy project in Risha, in eastern Jordan, according to a statement on the Saudi company ACWA Power's website.

Under"...

Continue Reading >
Jordan, Germany sign 44m-euro solar energy grant March 29, 2017

Jordan and Germany on Tuesday signed a 44-million-euro grant agreement to fund the Energy Supply for Host Communities and Syrian Refugees project’s second phase, according to a Planning and International Cooperation Ministry statement.

Planning and International Cooperation Minister Imad Fakhoury signed the grant agreement, provided by the German government’s KfW Development Bank, in the presence"...

Continue Reading >
FRV reaches financial close for two »Mafraq« PV projects in Jordan March 29, 2017

Spanish Fotowatio Renewable Ventures (FRV), developer of large-scale solar power plants, has announced the financial close of two of the four projects awarded in the second round of Jordan’s solar independent power producer (IPP) tender. Both projects represent a combined investment of $180 million and will start construction in the region of Mafraq, in the north of the country.
Once construction is completed in June 2018, the solar plants called Mafraq I and Mafraq II will generate 133.4 MWh per year and will supply power at ¢6.9 and ¢7.6 per kWh respectively. Mafraq I, the...

Continue Reading >
Abdul Latif Jameel Energy to build Jordan solar projectMarch 28, 2017

Abdul Latif Jameel Energy announced Monday that it is one-step closer to powering 80,000 homes in Jordan with clean energy, as part of its commitment to being the leading solar development company in the Middle East.

Speaking during the visit of the Custodian of the Two Holy Mosques King Salman to Jordan, Omar Al-Madhi, CEO of Abdul Latif Jameel Energy, Saudi Arabia, said: “Our projects around the region, including in Jordan, clearly exhibit"...

Continue Reading >