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OIL AND GAS
Jordan signs deal with Egypt, Iraq over regional energy ventureMarch 8, 2014
Jordan, Iraq and Egypt started on Thursday studying projects to transfer natural gas from Iraq to the Kingdom and Egypt, according to energy ministers of the three countries.
With regard to this, the three countries have started looking into extending an oil pipeline from Iraq's Basra to Egypt via Jordan's Aqaba to export Iraqi oil to Africa, they said during a ceremony to sign a memorandum of understanding.
"We"......
Continue Reading >Registration Online Now for 14th China International Petroleum & Petrochemical Technology and Equipment ExhibitionMarch 4, 2014
The 14th China International Petroleum & Petrochemical Technology and Equipment Exhibition (cippe2014) will be held on March 19-21, 2014 in Beijing, China. It will host more than 1600 exhibitors with exhibiting area of over 90,000 square meters, expecting to welcome over 60,000 professional visitors from both China and overseas. A series of events will also take place at the same time, such as International Petroleum Summit, Chinese Shale Gas Development Conference, Offshore Engineering"......
Continue Reading >Fuel prices rise by 1.5%March 2, 2014
Prices of main oil derivatives rose by 1.5 per cent on Saturday.
Under a decision taken by the government's pricing committee, effective March 1, one litre of unleaded 90-octane gasoline is now sold at JD0.835, up from JD0.820 last month, while one litre of 95-octane is JD1.015 compared with JD1 in January.
Jordan, Estonia discuss oil shale exploitationMarch 1, 2014
Estonia is looking forward to sharing its over 100-year experience in utilising oil shale resources to produce energy with Jordan, the country's finance minister, Jürgen Ligi, said on Thursday.
At a meeting in Amman with Prime Minister Abdullah Ensour, Ligi said the successful implementation of Jordan's project to generate electricity from oil shale, in which Estonia is interested in investing, will be of major importance to his country, the Jordan News Agency, Petra, reported.
Jordan expects huge savings from shale oilMarch 1, 2014
Jordanian officials say shale oil exploration in the country could save it an estimated $300 million per year in heavy oil and diesel imports.
Prime Minister Abdullah Ensour met Thursday in Amman with Estonian Finance Minister Jurgen Ligi to discuss investments in Jordan's shale oil deposits, the official Jordan News Agency reported.
Jordan counting on oil shale to address energy woes — BataynehFebruary 25, 2014
Jordan is looking for and considering various solutions to deal with its energy problem, and a main breakthrough is expected in 2017 with the utilisation of oil shale reserves, Senator Alaa Batayneh said on Monday.
Delivering a lecture on the energy situation at the University of Jordan (UJ), Batayneh explained that the option was not tapped much earlier because generating energy from this source would"......
Continue Reading >Senate okays oil exploration, oil shale distillation dealsFebruary 24, 2014
Cultural and economic interaction between Jordan and Europe, particularly Greece, dates back over 10,000 years in history, according to a field expert.
Greek archaeologist Konstantinos Politis said the communication between the two nations started when early humans sought to exchange goods.
“Early humans [from Europe]"......
Continue Reading >Iraq to quench Jordan's thirst for oil with preferential prices, $18 billion pipelineFebruary 23, 2014
Work to construct a $18 billion oil pipeline from Iraq’s Basra to Jordan’s port city of Aqaba may start soon, as officials from both coutries are meeting with international firms interested in the mega-project, an official said Saturday.
Jordan and Iraq are speeding up their measures and efforts to construct the pipeline, a senior official at the Aqaba Special Economic Zone Authority (ASEZA) told The Jordan Times.
Israel, Jordan Sign Gas Deal While Kurdish Oil Battle Lives OnFebruary 22, 2014
This week in energy we feel compelled to head to the Middle East, where we have seen movement on Israeli gas—another boon for US-based Noble Energy Inc.—and the hydrocarbons showdown between the Iraqi central government and the Kurdistan Regional Government (KRG), two issues we have covered extensively during the past two years.
Arab Potash, Jordan Bromine companies to imports gas from US companyFebruary 20, 2014
The Arab Potash Company and the Jordan Bromine Company (JBC) signed an agreement with the U.S.-based Noble Energy Company to import 2 billion cubic meter of natural gas for 15 years at a total cost of $771 million.
The Arab Potash Company (APC) said its 15-year agreement with U.S. company which was signed in Amman today will reduce the Company's production costs, enhance its competiveness in the global market and its profitability, improve"...