OIL AND GAS

Fuel prices to drop in SeptemberSeptember 1, 2014

The government on Sunday lowered the prices of main oil derivatives for September.


Under the decision taken by the government’s pricing committee, effective as of Monday, one litre of unleaded 90-octane gasoline will be sold at JD0.800, down from JD0.850, while one litre of 95-octane will now cost 0.97, down from JD1.035 during August.


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Slight drop expected in fuel pricesAugust 30, 2014

Fuel prices are expected to see a slight drop in the domestic market as of Monday, Gas Stations Owners Association (GSOA) President Fahed Al Fayez said Thursday.


The government's pricing committee is set to review the prices of oil derivatives on Sunday night, a procedure taken on a monthly basis after the government lifted fuel subsidies on November 14, 2012.

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Jordan issues call for oil and gas development partnersAugust 27, 2014

The Dubai-based Zawya news agency said Jordan’s energy and mineral resources ministry is calling for tenders to explore the Sarhan and Azraq blocks in the country’s Mafraq governorate, 80 kilometres northeast of the Jordanian capital Amman.


Zawya said the deadline for submitting tenders in terms of prospective production-sharing agreements between Jordan’s government and the bidding companies is 20 October.


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Pacific International Drilling West Africa Limited Announces Firm Contract Extension for Pacific BoraAugust 26, 2014

Pacific International Drilling West Africa Limited (PIDWAL) announced today that Star Deep Water Petroleum Limited, an affiliate of Chevron, has signed a firm contract extension for the Pacific Bora. As previously announced in our recent Fleet Status reports, the contract extension increases the drillship’s backlog by approximately $439 million, bringing the company’s total contract backlog as of Aug. 22, 2014, to $3.0 billion.


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Gov't invites bids to explore oil, gas in northeastern regionAugust 24, 2014

The government on Saturday offered two blocks in the Kingdom's northeastern region for oil and gas exploration, according to the Ministry of Energy and Mineral Resources.

The ministry said on its website that it opened the door for companies to submit bids for tenders it floated to explore gas and oil in the Sarhan and Azraq blocks in Mafraq Governorate, 80km northeast of Amman.


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Gas fields in Gaza find buyers in JordanAugust 23, 2014

The country of Jordan and the Palestinian National Authority have agreed informally on a deal for Jordan to buy natural gas from the fields recently discovered off the coast of Gaza.


The Middle East Monitor reports:

In a statement to Anadolu news agency, the chairperson of the energy committee in the Jordanian parliament, Gamal Qumwa, explained that the preliminary agreement includes supplying Jordan with 150 cubic feet of natural gas from Gaza’s field. He pointed out that"......

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Jordan to buy gas from Gaza starting 2017 -- ministerAugust 17, 2014

Jordan will import about one-third of its needs of natural gas from Gaza Strips' offshore gas fields at the end of 2017, Minister of Energy and Mineral Resources Mohammad Hamed said Saturday.


In October, the National Electric Power Company ( NEPCO ) will sign a letter of intent with British Gas Group, which has concession rights"......

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Debts owed to Jordan Petroleum Refinery Co. near JD1.1 billionAugust 17, 2014

Cumulative debts owed to Jordan Petroleum Refinery Company (JPRC) reached JD1.07 billion.


JPRC Chief Executive Officer Abdel Karim Alawin told Energy Minister Mohammad Hamed that National Electric Power company (NEPCO) and Royal Jordanian were the main debtors among other institutions which have not paid"...

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Amman commercial complex evacuated over suspected gas leakAugust 16, 2014

The Civil Defence Department (CDD) on Thursday evacuated a commercial complex located in the 7th Circle area due to a “suspected” gas leak, according to CDD officials and an eyewitness.


Two men working at the complex were rushed to hospital in the morning after they suffered from shortness of breath due to gas inhalation, according to the CDD.


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Company waiting to sign deal for $2.4b oil shale power plantAugust 14, 2014

The Attarat Power Company on Wednesday said it is awaiting the government’s response on when to sign agreements to go ahead with its $2.4 billion oil shale-fuelled power plant.


“The government approved the deal… but it seems the National Electric Power [Company] is still waiting for official approval [over] parts of the agreement from the… concerned authorities before they can invite us to sign the documents,” Andres Anijalg, chairman of the Attarat Power Company, said in an e-mail to The"......

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