Arab Today, arab today jordan expands refinery capacity to meet rising demand for fuel
Last Updated : GMT 13:58:47
Arab Today, arab today
Arab Today, arab today

Jordan expands refinery capacity to meet rising demand for fuel

Arab Today, arab today

Arab Today, arab today Jordan expands refinery capacity to meet rising demand for fuel

The Jordan Petroleum Refinery Company
Amman - XINHUA

The Jordan Petroleum Refinery Company (JPRC) said Monday it started talks with several equity and loan providers to implement a 1.6-billion-U.S. dollar project to expand the capacity of the country's sole refinery.

"This is a very important project as the last time the refinery was expanded in 1982. We have conducted the feasibility study on the project already," JPRC CEO Abdul Karim Alaween said during the Jordan International Energy Summit Monday.

The expansion project entails increasing the refinery's capacity from 70,000 barrels per day to 120,000 barrels per day, according to Alaween.

"One of the main objectives of this project is to stop producing high sulfur fuel oil. It will also help meet rising demand on fuel that is witnessing a 3 percent increase every year," said Alaween.

The project will help meet international standards as well, he added.

Jordan imports about 97 percent of its energy needs annually.

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Arab Today, arab today jordan expands refinery capacity to meet rising demand for fuel Arab Today, arab today jordan expands refinery capacity to meet rising demand for fuel

 



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