Tag: energy

Cheap Oil: Boon or Bane?

Tumbling oil prices might be a double-edged sword for Jordan. By Yusuf Mansur Jordan, which imports 97 percent of its energy, and the wider Middle East are bound to feel the impact of falling oil prices soon. The price of…

Standard Chartered Upbeat on Economy

Standard Chartered dispatched some of its top regional analysts to Amman last month to brief its clients on the bank’s macro-economic outlook for Jordan and the wider region. Their overall assessment was fairly sunny, despite the obvious challenges that continue…

EBRD: Jordan’s Long-term Development

The European Bank for Reconstruction and Development (EBRD) is fast shaping up to be a major supporter of Jordan’s economy, having sunk no less than $260 million into a variety of projects over the two years it’s been operating in…

Shams Ma’an Start Date Announced

Construction of the Shams Ma’an project, a 52.5 MW photovoltaic (PV) power plant, is set to start at the beginning of 2015, with electricity expected to start flowing by early 2016. The $160 million facility will deliver 160 million kWh…

Tapping Gaza’s Gas

Finally taking the lead and thinking ahead to solve its energy issues, the Jordanian government is taking a stab at Gaza and Cyprus’s offshore gas reserves. Minister of Energy and Mineral Resources Mohammad Hamed said the agreement, which is yet…

Go Ahead Given for Oil Shale Power Plant

For years now, Jordan’s huge oil shale deposits have been talked up as the answer to the Kingdom’s energy woes. But there are finally signs the dream of energy self-sufficiency is becoming a reality with the government signing off on…

Going Nuclear

Even as the debate over whether Jordan needs to generate nuclear power rages on, work is forging ahead on building an entirely new energy industry to run the Kingdom’s controversial nuclear program. For some, the answer to Jordan’s energy crisis…