OIL AND GAS

Study assesses viability of drilling new wells in IrbidJuly 14, 2018

The Ministry of Water and Irrigation has started a new technical study to measure the level and status of underground water in the Huwara aquifer in Irbid Governorate to assess the viability of drilling new wells.

Measuring the status of the aquifer beneath Huwarah, located in eastern Irbid, is part of the ministry’s measures seeking to improve water supply in Huwarah and adjacent areas, according to the ministry’s spokesperson, Omar"...

Continue Reading >
Sumitomo SHI FW Wins Contract for Biomass CFB Boiler Island July 11, 2018

Sumitomo SHI FW (SFW) announces today that it has been awarded a contract by GS Engineering and Construction for design and supply of the Dangjin Biomass No. 2 Power Plant Project Boiler Island. The new boiler island will be located next to the Dangjin Biomass No. 1 Power Plant which was delivered by SFW in 2014. Commercial operation of the new plant is scheduled for 2021. SFW will design and supply the 100 MWe CFB steam generator and auxiliary equipment for the boiler island, including a cold end SCR and baghouse for flue gas cleaning. The steam generator will be designed to burn wood pellets, wood chips and palm kernel shells, while meeting applicable environmental regulatory requirements. Tomas Harju-Jeanty, CEO, Sumitomo SHI FW, said: “We are very pleased to continue our long relationship with GS E&C and provide yet another opportunity to demonstrate SFW’s CFB technology......

Continue Reading >
Economic Growth Driven by Oil & Gas and Non-oil Industries Attract Investment Bloom in Iraq, Says Frost & SullivanJuly 9, 2018

The government of Iraq is committed to implementing a stable macroeconomic framework driven by significant growth potential in the oil and gas sector as well as non-oil industries. A potential leader in emerging markets, Iraq offers unlimited investment opportunities and requires over USD 30 billion of foreign direct investment (FDI) per annum.

After three years under combat operations, the end of Iraq’s war against the Islamic State (ISIS)"...

Continue Reading >
Natural Gas From Israel to Jordan in 2020July 7, 2018

Work is under way to construct a pipeline to transfer $10 billion worth of natural gas from Israel into Jordan, with supplies expected to begin in 2020, said a government official.

Contractors are currently working on building a 65-kilometre pipeline that stretches from the Kingdom’s borders with Israel in the north to Mafraq Governorate.

The pipeline, once completed,"...

Continue Reading >
Israeli gas to Jordan expected in 2020 — officialJuly 5, 2018

Work is under way to construct a pipeline to transfer $10 billion worth of natural gas from Israel into Jordan, with supplies expected to begin in 2020, said a government official.

Contractors are currently working on building a 65-kilometre pipeline that stretches from the Kingdom’s borders with Israel in the north to Mafraq Governorate.

The pipeline, once completed,"...

Continue Reading >
Energy Ministry to announce global weekly rates of oil derivatives July 2, 2018

Minister of Energy and Mineral Resources Hala Zwati said on Sunday that the ministry will announce on weekly basis the average prices of oil derivatives and benchmark Brent crude rates to keep the public posted about the fluctuations in global petroleum markets.

Global oil prices are the basis adopted in calculating fuel prices sold in the Kingdom given average prices in reference markets for the period of 30 days that precede the date of declaring prices, she said.

The minister presented a chart"...

Continue Reading >
Gov't postpones declaring July fuel prices until pricing mechanism is made publicJuly 1, 2018

The government’s fuel pricing committee on Saturday decided to postpone the announcement of the July oil derivatives prices until the government announces its fuel pricing mechanisms, which it had pledged to share 'clearly and transparently' with the public, the Jordan News agency, Petra reported.

Earlier this month, the Fourth Circle in Amman and other locations across the Kingdom witnessed several protests against fuel and electricity"...

Continue Reading >
Electric vehicle charging service mandatory for all new gas stationsJune 20, 2018

The Energy and Minerals Regulatory Commission (EMRC) has decided that all new gas stations will not be licensed without having the facilities for charging electric vehicles (EVs), a statement from the commission said on Tuesday.

EMRC President Farouq Hiyari said that the decision came in light of the growing number of EVs in Jordan, which requires multiplying the number of charging stations across the Kingdom.

Hiyari"...

Continue Reading >
New Investment Models Are Needed To Boost MENA Oil & Gas Competitiveness, Crescent CEO Tells OPEC SeminarJune 20, 2018

New investment models will encourage optimal development in the oil and gas sector, Majid Jafar, CEO of Crescent Petroleum told OPEC ministers and industry leaders at the OPEC Seminar in Vienna today. The private sector in MENA can be an important partner in oil and gas development, helping boost competitiveness in the industry, he added.

“We need new investment models that will create the right incentives for upstream investment in exploration"...

Continue Reading >