OIL AND GAS

Ministry notifies public of oil price hikeJanuary 15, 2019

AMMAN — The Ministry of Energy and Mineral Resources on Monday said that the price of Brent oil and derivatives during the second week of January witnessed an increase compared with the first week, the Jordan News Agency, Petra, reported.

The price of crude Brent oil rose from $54.2 in the first week, to $58.7 in the second week, according to a ministry statement.

Any"...

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Jordan, 6 countries agree to establish East Mediterranean gas forumJanuary 15, 2019

Cairo, Jan.14 (Petra) - Seven countries, including Jordan, announced at a meeting of energy ministers in Cairo on Monday the establishment of the 'East Mediterranean Gas Forum' based in the Egyptian capital.

Energy ministers from Jordan, Palestine, Egypt, Italy, Israel, Cyprus and Greece, signed on the agreement to create the forum, which aims at establishing a regional gas market that serves the interests of members by providing supply and demand, optimizing resource development, rationalizing the cost"...

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Egypt to supply Kingdom with half of its gas needs this yearJanuary 14, 2019

AMMAN — Jordan and Egypt on Sunday signed agreements under which the Kingdom will be provided with half of its needs of natural gas to generate electricity for 2019.

National Electric Power Company (NEPCO) Director General Amjad Rawashdeh, Egyptian Natural Gas Holding Company (EGAS) Director General Osamah Baqli and the Jordanian-Egyptian FAJR for Natural Gas Transmission and Supply Company Director Fuad Rashad signed the agreements in Cairo,"...

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Natural Gas Can Play an Important Role in the Energy Transition to a Lower Carbon EconomyJanuary 13, 2019

Policy makers worldwide have a proven solution for cutting carbon emissions by switching electricity generation from coal and oil to natural gas, Majid Jafar, CEO of Crescent Petroleum, told an audience of energy ministers and industry leaders meeting in Abu Dhabi this morning.

As global demand for energy rises, natural gas is emerging as a fuel of choice for power generation in the 21st century, serving as a central ingredient in a more sustainable"...

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Jordan renames solar plant after UAE's founding fatherJanuary 5, 2019

The Government of Jordan has renamed the AED550 million ($150 million) Quweira Solar Power Plant, funded by Abu Dhabi Fund for Development (ADFD), as Sheikh Zayed Solar Power Complex.

The renaming is a tribute to the founding father of the UAE, the late Sheikh Zayed bin Sultan Al Nahyan.

Mohammed Saif Al Suwaidi, director general of ADFD, said: “The UAE and Jordan"...

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Gov't fuel pricing committee reduces prices for JanuaryJanuary 2, 2019

(Petra) –– The government fuel pricing committee on Monday announced the reduction of oil derivatives by about 8%, including unleaded 90-octane gasoline, which fell to JD0.695 per litre from the December price of JD0.750.

The price of unleaded octane-95 gas was also fixed at JD0.905 per litre, down from the previous month's price of JD0.965, while kerosene and diesel prices were cut to JD0.560 per litre, instead of last month's rate of JD0.605, according to the committee.

Regarding"...

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Ghabawi landfill expected to generate 5MWh starting February December 30, 2018

AMMAN — The Greater Amman Municipality (GAM) said on Saturday that the Ghabawi landfill will start generating 5 megawatts per hour (MWh) as of next February.

The GAM is working on investing in using waste to produce electricity, Amman Mayor Yousef Shawarbeh said during an inspection of a recycling centre in east Amman on Saturday.

Generating electricity with such"...

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JIEC to install renewable energy systems in industrial cities December 19, 2018

Amman, Dec. 18 (Petra) -- Jordan Industrial Estates Co. (JIEC) is considering the installation of renewable energy systems in the established and under-construction industrial estates to provide better services to investors, according to its CEO Omar Jwaid.

He told investors in Al Muwaqar Industrial Estate that the company is seeking to reduce the energy cost and use the money saved to further enhance the services and infrastructure of the other industrial estates in Sahab, Irbid, Al Muwaqar and Karak, the JIEC"...

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Renewable energy investments in Jordan to reach $4 billion in 2020December 18, 2018

AMMAN — Jordan can now export renewable energy to Europe should there be cross-border networks, according to Minister of Energy and Mineral Resources Hala Zawati.

Zawati explained that Jordan is ready to become a renewable energy exporter to Europe, thanks to the number of foreign investments it has succeeded in attracting to the sector, which are expected to reach $4 billion by 2020, the Jordan News Agency, Petra, reported.

Zawati's"...

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