Latest news with #SalehAl-Kharabsheh
Jordan News
16 hours ago
- Business
- Jordan News
Jordan Signs First Executive Agreement for Copper Ore Mining - Jordan News
In a landmark move for Jordan's mining sector, Minister of Energy and Mineral Resources Dr. Saleh Al-Kharabsheh and Hani Ma'touq Al-Asmar, Director General and Board Member of Wadi Araba Minerals Company, signed Jordan's first executive agreement for the exploitation of copper ore on Sunday. اضافة اعلان The agreement grants the company rights to mine 48 square kilometers in the Abu Khushaibeh area of Wadi Araba, south of the Dead Sea, for a 30-year period. Key Highlights of the Agreement: Strategic Significance: Dr. Al-Kharabsheh emphasized that the project aligns with Jordan's Royal Vision and the Economic Modernization Vision, aiming to boost the mining sector, enhance economic growth, and create jobs. Estimated Copper Reserves: Preliminary feasibility studies show an estimated 20–30 million tons of copper ore in the region, with economically viable concentration levels. The ministry plans to continue studying reserves in igneous rock formations in the area. Local Processing Requirement: The agreement prohibits the export or sale of raw copper ore, requiring the company to process extracted materials locally to a specified purity level before any sale or distribution—maximizing local economic benefit. Revenue Sharing & Royalties: A minimum royalty of 3% on gross revenue is set, increasing with global copper prices. Jordan will also collect 31% in taxes from net profits, in accordance with national regulations. Public Offering Requirement: The company must offer at least 49% of its shares for public subscription while retaining up to 51%. It must also comply with environmental and legal standards for public shareholding companies in Jordan. Implementation Commitments: Wadi Araba Minerals has pledged to begin work promptly, including constructing a specialized copper product manufacturing facility. The company must also submit a performance bond and proceed with legislative procedures for the required mining concession law. Broader Mining Sector Developments: Dr. Hisham Al-Zayoud, Director of Geology and Mining at the Ministry, stated that the ministry is also finalizing: Executive agreements for gold mining in Abu Khushaibeh and rare earth elements with New Environmental Company. Copper mining in Dana with Integrated Company. Two agreements for phosphate mining in Risha with Arab Mining Company and Tasnīm Company of Oman. The Council of Ministers had approved the copper mining agreement in its session last Wednesday, recognizing copper as a strategic mineral under special mining concession legislation. The signing ceremony was attended by Secretary General Eng. Amani Al-Azzam, ministry technical committee members, and the technical team from Wadi Araba Minerals Company.
Jordan News
16 hours ago
- Business
- Jordan News
Jordan's Energy Ministry Reviews Key Priorities of Economic Modernization Vision 2025–2029 - Jordan News
Jordan's Minister of Energy and Mineral Resources, Dr. Saleh Al-Kharabsheh, chaired a meeting on Sunday with the Executive Committee of the Economic Modernization Vision, joined by sector liaison officers and directors of relevant departments and organizational units. اضافة اعلان During the meeting, Dr. Al-Kharabsheh stressed the daily review of the Executive Program of the vision as a top priority, highlighting the importance of adhering to project timelines and ensuring that all initiatives are tied to clear, measurable results indicators. He noted that the Ministry is currently revising the results indicators for initiatives spanning 2025–2029, and is working closely with sector partners to prepare the Executive Program for 2026–2029, with regular, intensive coordination meetings being held for that purpose. The first-quarter report on the Executive Program—published on the Government Performance Platform—outlined several key accomplishments: 740 solar water heaters funded and installed. 6 gas wells drilled in the Risha gas field. Signing of an additional Memorandum of Understanding (MoU) with green hydrogen developers, bringing the total to 14 MoUs. One framework agreement also signed in the green hydrogen sector. Dr. Al-Kharabsheh reaffirmed the Ministry's commitment to ensuring that all projects under the Economic Modernization Vision are closely monitored, efficiently implemented, and results-driven, in line with Jordan's long-term development goals.
Jordan News
4 days ago
- Business
- Jordan News
Minister of Energy: Al-Samra Power Generation Company Contributes About 30% of Jordan's Electricity Needs
On Thursday, the Minister of Energy and Mineral Resources, Saleh Al-Kharabsheh, sponsored the Independence Day celebration organized by Al-Samra Power Generation Company in the Hashmiya area of Zarqa Governorate. The event was attended by the Director General of the National Electric Power Company, the Chairman of the Board of Commissioners of the Energy and Minerals Regulatory Commission, and several officials and dignitaries from Zarqa city. اضافة اعلان Al-Kharabsheh stated that Al-Samra Power Generation Company contributes about 30% of the Kingdom's electricity needs, making it one of the largest and most important energy companies in Jordan. He reviewed the achievements in the energy sector, noting that Al-Samra station began commercial production in 2005 with the first gas turbine having a capacity of 100 megawatts. The station's current nominal capacity has reached 1,241 megawatts, with a total capacity expected to reach 1,834 megawatts by 2025. He explained that the station is managed with high efficiency by national staff, with a large portion coming from Zarqa Governorate, which enhances the company's role in supporting local communities and creating job opportunities. Al-Kharabsheh emphasized that the economic modernization vision serves as a roadmap for Jordan, viewing the energy sector as a key driver for other sectors and a main pillar of the national economy. He stressed the importance of confronting current challenges, turning them into opportunities, and aiming to achieve many future ambitions. He also noted that the government is working to fully secure the Kingdom's natural gas needs from the Risha field within the next five years, thanks to the efforts of the National Petroleum Company's teams. For his part, the Director General of Al-Samra Power Generation Company, Engineer Sami Al-Zwaitin, praised the company's achievements since its establishment in 2005 until 2025, during which electricity production increased about twelvefold. Al-Zwaitin added that the company operates with Jordanian hands, pointing out that it contributes to generating more than 30% of the country's electricity production, and that Jordan has witnessed significant development in the energy sector, especially electricity.
Jordan News
4 days ago
- Business
- Jordan News
Energy Minister: 55 Million Cubic Meters of Gas Annually and 145 Wells by 2030 - Jordan News
Jordan's Minister of Energy and Mineral Resources, Saleh Al-Kharabsheh, announced on Wednesday that the ministry currently extracts 55 million cubic meters of natural gas annually and is planning to drill 145 wells by 2030. اضافة اعلان During a meeting with the joint parliamentary committee discussing updates on the government's Economic Modernization Vision, Al-Kharabsheh stated that the ministry aims to increase annual gas production to 418 million cubic meters by the year 2030. As part of the 2024 implementation of the modernization vision, the minister noted that the ministry is working on 50 priority initiatives, 16 of which have already been completed. For 2025, 37 priorities are scheduled, including 18 related to the energy sector—of which 11 have been implemented, while work is ongoing on the remaining 7. One of the key projects highlighted by the minister is the expansion of natural gas supply to several industrial cities, including ongoing work to deliver gas to Al-Muwaqqar Industrial Estate and other areas. This is aimed at providing a cheaper alternative energy source for the industrial sector. Regarding the floating gas storage and regasification unit (FSRU) in Aqaba, Al-Kharabsheh announced that its operations have ended and the vessel is scheduled to depart the port on June 4.
Jordan News
24-04-2025
- Business
- Jordan News
JoPetrol and Jordan Gas Sign Strategic Agreement to Launch 'Watani' – The National Advanced Natural Gas Company – to Enhance Energy Sustainability in Jordan
'Jordanian Gas from Jordanian Land to Jordanian Hands' Under the patronage of His Excellency Dr. Saleh Al-Kharabsheh, Minister of Energy and Mineral Resources, the Jordan Petroleum Products Marketing Company (JoPetrol) and Jordan Liquefied Gas Company announced today the signing of a strategic agreement to establish the National Advanced Natural Gas Company – Watani. اضافة اعلان This strategic initiative is part of a national vision aimed at increasing reliance on local energy sources and enabling Jordanian economic sectors to access clean, reliable, and efficient energy solutions. "Watani" will specialize in the purchase, processing, transportation, sale, and supply of natural gas from the Risha Field to national industries, various economic sectors, and CNG bus refueling stations. Speaking on the occasion, Eng. Khaled Al-Zoubi, Director General of JoPetrol, stated: "The establishment of Watani is a foundational and strategic step within our vision for a cleaner, more efficient, and sustainable energy future. It reflects our ongoing commitment to delivering integrated solutions that support the national economy. This partnership with Jordan Gas aligns with our mutual approach of adopting alternative, clean energy sources and expanding reliance on local resources, which will enhance the competitiveness of Jordanian industries and reduce operational energy costs. It also reflects our belief in the vital role of the private sector in supporting the national economy and contributing to a secure, sustainable energy future for Jordan." Mr. Salah Al-Khazaleh, Director General of Jordan Liquefied Gas Company, emphasized that this project is the result of years of dedicated efforts to fulfill the company's vision of advancing toward sustainable and clean energy while utilizing national resources to support industries and the economy. "Today, we witness the birth of a new natural gas and energy facility in the Kingdom, which will be a key contributor to achieving economic, social, and environmental security. It aligns fully with the economic modernization plan and the strategic objectives of the energy sector, focused on diversifying energy sources, improving the use of local resources, and increasing investment in this vital field." The Watani project represents the aspirations of the Ministry of Energy and Mineral Resources to achieve energy supply security by promoting the use of domestic sources. Transporting gas from the Risha Field to various economic sectors is a key pillar of Jordan's national energy strategy. The Jordanian government's support—through the Ministry of Energy and Mineral Resources, the Energy and Minerals Regulatory Commission, the Ministry of Interior, Public Security Directorate, Civil Defense, and other concerned governmental bodies—was critical in providing the necessary regulatory framework. This included issuing permits and legislation, which helped overcome regulatory challenges and paved the way for the success of this pioneering initiative. Watani now stands as one of the most prominent national initiatives that unites the efforts of the public and private sectors to achieve sustainable development and fulfill the goals of the Economic Modernization Vision 2033. It strengthens Jordan's reliance on domestic energy sources and positions the Kingdom as a regional model in the shift toward clean and sustainable energy economies.
