Tag: Gas

APC 2015 Net Profits Surge 31 Percent

Arab Potash Company (APC) said its 2015 net profits rose 31 percent year-on-year to around JD131 million, while it also achieved a record production volume of 2.355 million tons over the same period. In a statement, APC’s chairman Jamal al…

A Cleaner Way to Refine

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…

Think Tank Questions Effectiveness of NEPCO Rescue Plan

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…

The Arab Potash Company: Did Privatization Work?

This article appeared in the April, 2014 edition of Venture.   More than a decade has passed since the Arab Potash Company was partly sold off under Jordan’s controversial privatization drive. Was it a wise move? By Dina al-Wakeel Jordan’s controversial…

Electricity: Rebalance, Don’t Hike

The government’s plan to increase electricity rates across the board will damage both its credibility and the economy. By Jawad J. Abbassi The rapid drop in oil prices, by over 60 percent since the summer, is a game changer for…

Venture Explains: Leviathan and Tamar

What are they? Leviathan and Tamar are two vast Israeli offshore gas fields. The former, discovered in 2010 off Israel’s Mediterranean coast, is the world’s biggest offshore gas find of the past decade. Why should we care? Though any agreements…

Deal for First Oil Shale Plant

Jordan has signed a $2.2 billion build-operate-transfer deal with a consortium led by Estonia’s Enefit to have the Kingdom’s first oil shale power plant up and running by the end of 2018. Construction of the 470-megawatt plant, which is expected…

In Gold They Trust

A whirlwind of speculations and denials unleashed by an alleged gold discovery has again got us asking who’s really to blame for the low level of trust between Jordanians and their government? The Economist- Yusuf Mansur For yet another dispiriting…

Jordan and the Iraqi Predicament

Editor’s letter Dina al-Wakeel While Jordan has so far thankfully managed to insulate itself from the violence engulfing its neighbors, the Kingdom’s economy has still taken a hit. According to sources, exports to Iraq, Jordan’s number one trading partner, dropped…

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…