Refinitiv Oil Research received reports of a suspected attack on two oil tankers in the Gulf of Oman, about 56 NM East of Fujairah. This was later confirmed through various sources including the managers of the vessels in question. The…
Attarat Power Co (APCO), a Jordanian affiliate of Estonian-owned Enefit, last month said its plan to construct a $2.1 billion oil shale-fired power plant in Jordan had secured financing from a consortium of Chinese banks. The 470-megawatt plant is now…
Saxo Bank said Jordan can significantly cut its energy costs over the coming years by relying extensively on Liquefied Natural Gas (LNG) and solar power, whose prices continue to go down. “The main thing for gas in the coming years…
A rational evaluation of the state of the global economy is needed to counter the effect of the doom and gloom merchants causing jitters in markets. By Khalid W. Wazani Although in economic theory, prices are the main determinant of…
On paper, record low oil prices should prove to be an economic bonanza for an emerging market energy importer like Jordan. But what’s the reality? By Dina al-Wakeel In 2011, just when it was trying to get back on its…
Volatility will likely loom over the region’s economy in 2016, but so will opportunity. By Nader Museitif Next year seems to be set for a rough start as several chronic drivers of volatility and slowdown start to bite. Chief among…
Jordan’s solar and wind projects won’t live up to their full potential if they can’t find a way to store the energy they produce. The AES Corporation’s country manager says his company has a pioneering battery-based solution. By Laith Abou-Ragheb…
France’s Le Gaz Integral has helped slash emissions at Jordan Petroleum Refinery Company’s Zarqa facility. By Elisa Oddone Harmful sulfur dioxide emissions have almost been eliminated at Jordan Petroleum Refinery Company’s (JPRC) Zarqa facility after Le Gaz Integral recently replaced…
A new Identity Center report has questioned the effectiveness of the National Electric Power Company’s (NEPCO) cost recovery strategy, after it found a recent round of electricity tariff hikes failed to drag the publicly-owned company out of debt, but led…
As Jordan’s $2 billion dollar stand-by arrangement with the world’s lender of last resort comes to an end, the International Monetary Fund’s mission chief for Jordan Kristina Kostial said the Kingdom has by and large stuck to its promise of…