physical crude peanut oil refined project in Jordan

                                               
                                               
                                               
                                               
                                               
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  • Where is Jordan petroleum refinery?
  • Tanker trucks form a queue as they wait to unload crude oil at Jordan Petroleum Refinery in the city of Zarqa, 25 km (15 miles) northeast of Amman. (Reuters) Jordan¡¯s Petroleum Refinery Company (JPRC) said on Wednesday seven international contractors had qualified to bid for a $2.6 billion project to expand the country¡¯s sole refinery.
  • Why is Jordan expanding its oil refinery?
  • This expansion is strategically aimed at reducing Jordan¡¯s dependence on imported oil, thereby enhancing the nation¡¯s energy security. The increase in the refinery¡¯s capacity is expected to significantly influence the local economy, potentially impacting oil prices and availability within the region.
  • Will Jordan petroleum refinery be financed by a pension fund?
  • Jordan Petroleum Refinery Company invited companies in January this year to prequalify for the project that officials hope will be mainly financed from credit agencies and existing shareholders. The state-owned pension fund, the company¡¯s main shareholder, has expressed interest in financing the project.
  • Will Jordan petroleum refinery be financed by a credit agency?
  • The bids include financial offers and financing proposals, a senior company official said without giving further details. Jordan Petroleum Refinery Company invited companies in January this year to prequalify for the project that officials hope will be mainly financed from credit agencies and existing shareholders.
  • What is Jordan petroleum products marketing company (jopetrol)?
  • The unit has been commissioning in 2015 to reduce flue gas emissions. The petroleum products are distributed to the local market by three marketing companies, one of them is Jordan Petroleum Products Marketing Company (Jopetrol) which is a branch of Jordan Refinery Company. The products are transported by tankers.
  • Does Jordan import oil from Saudi Arabia?
  • Jordan imports most of its crude oil from Saudi Arabia with small amounts from Iraq. The long-delayed project will help upgrade fuel quality, convert heavy fuel oil into products such as jet fuel and gasoline and meet higher environmental standards, the company said, allowing it to cover 90 percent of the petroleum products market in the kingdom.

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