Tag: Oil

Keep Diversifying Energy – First Solar

US photovoltaic company First Solar, which plans to build one of the region’s biggest solar power plants in southern Jordan, said recent major oil price fluctuations mean it’s vital for states in the region to continue diversifying their energy sources….

Venture Explains: Cheap Oil

For as long as they last, cheap oil prices have far-reaching implications.  Why are oil prices so low? Fracking, which involves shooting a mixture of water, sand, and chemicals into the ground to crack open deposits of oil and natural gas,…

A World Divided

As we prepare to head into 2015, we find the world’s economies split between those ready for growth, and those teetering on the brink of recession. By Sameer Massis It was 160 years ago this month that Louis Pasteur stood…

Building Jordan: Dar Al-Handasah

This feature is part of a series highlighting the most prominent engineering and design consultancy firms with headquarters in Jordan or that have a significant presence in the Kingdom.   Dar Al-Handasah Founded: 1956 CEO: Talal Shair Employees: 6,900 Offices: 45…

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…

Freeing up the Fuel Market

Breaking Jordan’s fuel market monopoly was seen by many as a bold and necessary move. But besides the appearance of some modern, pristinely maintained gas stations, when are motorists likely to see the other promised benefits of the sector’s liberalization?…

How Low Can Oil Go?

The oil market’s reaction to America’s renewed military operations in the Middle East has been counter to normal expectations. Rather than rise in price, Brent dropped from $115 in June to below $100 in September. How can this correction be…

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…