A petroleum company updates its market study with Wood Mackenzie to reassess the economic viability of its refinery modernization. Technip and a refining-sector specialist now evaluate project feasibility amid shifting crude oil and petroleum markets. The company outlines financing priorities based on revised data and consulting insights.
The Jordan Petroleum Company (JPCO) reports that Jordan’s fuel reserves remain strong with no supply disruptions. The statement from JPCO’s leadership emphasizes stable fuel availability amid regional energy concerns. Authorities highlight ongoing efforts to secure supply chains and ensure domestic energy needs are met.
Jordan Petroleum Refinery Co. awards a **$2.64 billion contract** to expand its refinery capacity amid rising domestic demand. The project aims to boost production to meet growing energy needs in the country. The announcement comes directly from the company’s CEO, as reported by Zawya Projects.
Jordan’s Senate Energy and Mineral Resources Committee, led by Chairman Saleh Irsheidat, visits the Jordan Petroleum Refinery in Zarqa to review progress on its fourth expansion project. The committee pledges political and procedural support for the initiative. The refinery’s expansion aims to boost processing capacity amid rising regional energy demand.
