Latest news with #MinistryofEnergyandMineralResources
Jordan Times
24-04-2025
- Business
- Jordan Times
JREEEF, KOTRA launch knowledge sharing programme to advance clean energy in Jordan
The Ministry of Energy and Mineral Resources and Korea Trade-Investment Promotion Agency on Wednesday launch the Knowledge Sharing Programme for 2024–2025 (Photo courtesy of the Ministry of Energy and Mineral Resources) AMMAN — The Ministry of Energy and Mineral Resources, through the Jordan Renewable Energy and Energy Efficiency Fund (JREEEF), in cooperation with the Korea Trade-Investment Promotion Agency (KOTRA), on Wednesday launched the Knowledge Sharing Programme (KSP) for 2024–2025. The launch ceremony was attended by South Korean Ambassador Kim Pil-woo, Head of the Korean Delegation Kim Hak-Do, and representatives from the Ministry of Planning and International Cooperation. The initiative aims to foster the exchange of expertise between Jordan and South Korea in renewable energy and energy efficiency, leveraging Korea's experience in policy development and implementation to support Jordan's goals of achieving energy security and environmental sustainability, according to an Energy Ministry statement. The KSP includes a series of activities aimed at facilitating technical and institutional knowledge-sharing, along with targeted capacity-building efforts for JREEEF staff. These efforts aim to enhance the fund's capabilities in policy analysis, programme design, and efficient implementation. As part of the programme, a specialised financial study would also be conducted to measure the impact of JREEEF's projects on reducing the national energy bill. The findings are expected to support the development of more effective energy-related fiscal policies and promote sustainable savings over the long term. JREEEF Director Rasmi Hamzeh highlighted the significance of the renewed partnership with KOTRA, describing it as a continuation of the strong, results-oriented cooperation between the two sides. Hamzeh noted that the programme will prioritise technical and financial assessments of current initiatives and the development of staff competencies to support future projects. KOTRA representative expressed appreciation for the strategic partnership with Jordan, emphasising that the initiative reflects South Korea's broader commitment to supporting energy development in partner countries through knowledge exchange and the sharing of successful practices. The programme is part of JREEEF's broader vision to support Jordan's shift toward clean, sustainable energy and to boost energy efficiency across all sectors by adopting international best practices tailored to the Kingdom's national priorities. Page 2
Jordan Times
24-04-2025
- Business
- Jordan Times
Minister reaffirms commitment to women's empowerment in energy sector
Minister of Energy and Mineral Resources Saleh Kharabsheh on Wednesday reaffirms the government's commitment to advancing women's participation in the energy sector, aligning with the Kingdom's vision for economic modernisation and sustainable job creation (Photo courtesy of Ministry of Energy and Mineral Resources) AMMAN — Minister of Energy and Mineral Resources Saleh Kharabsheh on Wednesday reaffirmed the government's commitment to advancing women's participation in the energy sector, aligning with the Kingdom's vision for economic modernisation and sustainable job creation. Speaking at the launch of the Jordanian chapter of the Regional Energy Network for Women in the Middle East and North Africa (MENA), Kharabsheh emphasised that the current phase of the energy sector's transformation demands innovative thinking and skilled professionals, qualities he said Jordanian women have consistently exemplified. 'We are proud of our partnership with both local and international stakeholders, particularly the World Bank, as we work to empower women in this vital sector,' Kharabsheh said. 'A core objective is to double the number of women employed in the energy field.' He also stressed the importance of expanding cooperation between private energy companies and international institutions, highlighting the need to build professional capacity in response to the sector's rapid evolution, according to an Energy Ministry statement. World Bank Senior Energy Specialist Yusra Asaker commended Jordan's leadership and progressive approach, describing the Kingdom as a model within the regional network. She reaffirmed the bank's commitment to strengthening collaboration to expand training programmes and increase leadership opportunities for women in the sector. Page 2
Jordan Times
18-04-2025
- Business
- Jordan Times
Ministry outlines roadmap for Risha Gas Field development at OAPEC meeting
Ministry of Energy and Mineral Resources Secretary-General Amani Azzam on Thursday participates in the 24th Gas Experts Meeting of the Organisation of Arab Petroleum Exporting Countries (OAPEC) (JT file) AMMAN — Ministry of Energy and Mineral Resources Secretary-General Amani Azzam on Thursday participated in the 24th Gas Experts Meeting of the Organisation of Arab Petroleum Exporting Countries (OAPEC), where she outlined Jordan's strategic direction for natural gas and hydrogen development. During the meeting, Azzam delivered a working paper titled 'Developments in the Gas Industry in Jordan', in which she presented a roadmap for expanding operations at the Risha gas field, the Jordan News Agency, Petra, reported. She noted that the Risha field, discovered by the Natural Resources Authority in 1986 and brought into production in 1989, remains one of Jordan's vital domestic energy sources. She explained that the field is classified as unconventional and tight, meaning gas cannot be extracted through traditional methods and instead requires advanced technologies and significant investment. Azzam said that the National Petroleum Company (NPC) is pursuing an ambitious development plan for the field. The plan includes the procurement of an additional drilling rig, the construction of a gas processing facility, and the development of a new pipeline to transport the produced gas. To fully utilise the expected production from Risha, Azzam emphasised the necessity of constructing a natural gas pipeline linking the field to the Arab Gas Pipeline at a connection point in Mafraq Governorate. The proposed pipeline would span approximately 320 kilometres, with technical and financial feasibility studies currently underway. She also highlighted the government's ongoing efforts to implement the National Programme for the Delivery of Natural Gas to urban centres and industrial zones across the Kingdom. The initiative aims to provide a more affordable and sustainable energy alternative for existing industries. Azzam also outlined key components of Jordan's comprehensive energy sector strategy for 2020–2030, including continued reliance on current gas sources expected to meet national needs until 2035, further development of the Risha field, and the attraction of international investment in exploration for both conventional and unconventional gas. The strategy also includes maintaining LNG import capacity through the Sheikh Sabah Terminal in Aqaba as part of efforts to safeguard energy security.
Jordan News
16-04-2025
- Business
- Jordan News
Energy Ministry: Global Drop in Oil Derivatives Prices - Jordan News
Prices of oil derivatives in global markets have decreased during the second week of April compared to their levels in the first week of the same month, according to the weekly bulletin issued by the Ministry of Energy and Mineral Resources. اضافة اعلان According to the bulletin, the average price of 95-octane gasoline dropped from $690 per ton to $619, a 10% decrease. Similarly, 90-octane gasoline fell from $674 to $604 per ton, also a 10% decline. Diesel prices dropped from $611 to $562 per ton, a decrease of 8%, while kerosene fell from $647 to $594, down 8% as well. Fuel oil declined from $432 to $396 per ton, an 8% drop. Meanwhile, the average price of liquefied petroleum gas (LPG) in April remained steady at $608 per ton, the same as in March. Additionally, the average price of Brent crude oil fell from $72 to $65 per barrel.
Jordan News
24-03-2025
- Business
- Jordan News
Energy: Increase in Gasoline and Kerosene Prices, and Decrease in Diesel Prices Globally - Jordan News
Energy: Increase in Gasoline and Kerosene Prices, and Decrease in Diesel Prices Globally Global oil product prices showed some variation during the third week of March compared to the second week of the same month, according to the weekly bulletin issued by the Ministry of Energy and Mineral Resources. اضافة اعلان According to the bulletin, the average price of 90-octane gasoline rose from $661 per ton to $678, an increase of 2%, while 95-octane gasoline rose from $676 to $693, an increase of 3%. Diesel prices decreased from $614 to $612, a decline of 0.3%, while kerosene prices increased from $646 to $647, a rise of 0.2%. The price of fuel oil decreased from $461 to $452, a drop of 2%. The average price of liquefied petroleum gas (LPG) in March decreased to $608, compared to its average price in February, which was $628, a decrease of 3%. The price of Brent crude oil increased from $71 per barrel to $72.
