Latest news with #SalehAl-Kharabsheh
Daily News Egypt
4 days ago
- Business
- Daily News Egypt
Egyptian Petroleum Minister inspects ‘Energos Force' FSRU in Jordan
Egypt's Petroleum Minister has inspected the start of operational trials for a new floating gas terminal in Jordan's port of Aqaba, a facility set to secure energy supplies for both countries by feeding imported liquefied natural gas (LNG) into the shared Arab Gas Pipeline, the ministry said. In a statement on Wednesday, the Ministry of Petroleum and Mineral Resources said Minister Karim Badawi and his Jordanian counterpart, Saleh Al-Kharabsheh, toured the 'Energos Force' floating storage and regasification unit (FSRU), which arrived in Aqaba earlier this month. The vessel will receive imported LNG shipments, convert the liquid fuel back into gas, and pump it into the Arab Gas Pipeline to meet consumption needs in both countries and respond effectively to any emergencies. 'The 'Energos Force' FSRU will have a positive impact on securing gas supplies for various sectors in both Egypt and Jordan,' Badawy said in the statement. 'The vessel has a capacity of about 750 million cubic feet per day, and the necessary quantities will be determined according to the actual needs of the two countries.' Badawy stressed the importance of joint cooperation in the natural gas sector, highlighting the integration achieved through the Arab Gas Pipeline and the utilisation of infrastructure in both countries, such as ports and FSRUs. He noted that the cooperation reflects the strong bilateral relations supported by the political leadership of both nations. The Jordanian energy minister, Saleh Al-Kharabsheh, said the FSRU has a strategic dimension and is an extension of the close cooperation between the two countries, especially in natural gas. The two ministers also visited a gas compressor station and the main control centre for the Arab Gas Pipeline in Aqaba, where they were briefed on the facility's operations and control systems. The statement noted the continuous coordination and cooperation between the control centre in Aqaba and the national gas grid's main control centre in Cairo to ensure operational efficiency in both countries.
Jordan News
5 days ago
- Business
- Jordan News
Committee Approves JD 930,000 in Rural Electricity Projects for 215 Sites - Jordan News
Committee Approves JD 930,000 in Rural Electricity Projects for 215 Sites The Higher Steering Committee for the Rural Fils has approved the list of homes and locations that will benefit from electricity connection through conventional power networks. The total number reached 215 homes and sites across various regions of the Kingdom, with a total cost of JD 930,000, according to Minister of Energy and Mineral Resources Saleh Al-Kharabsheh. اضافة اعلان In a press statement issued on Tuesday, Al-Kharabsheh said the projects target residential clusters and economic sites both inside and outside officially zoned areas. The expansion comes after recent revisions to the criteria governing electricity access through the Rural Fils, allowing wider coverage and stronger support for marginalized populations. Hisham Al-Momani, Director of the Electricity and Rural Electrification Directorate at the Ministry, outlined the details: JD150,000 was allocated for a group of five homes outside zoning boundaries, JD155,000 for another group of three, and JD48,000 to connect individual homes using existing grid infrastructure. Additional funding includes JD 3,000 to help electrify homes of low-income families within organized areas, and JD 47,000 to supply power to livestock, poultry, and fish farms located in poverty pockets, part of the government's efforts to support agricultural production and boost self-reliance. A separate JD 20,000 was set aside to install lighting along roads leading to cemeteries, ensuring safe access for citizens during nighttime burials. The Committee also committed JD 300,000 to productive, industrial, and investment projects in unregulated and economically challenged areas, provided these initiatives create jobs for Jordanians and contribute to local development. Support continues with JD 82,000 directed toward farms with artesian wells, JD 12,000 for cooperative and charitable organizations, and JD 20,000 for a range of government and agricultural initiatives. Over the past ten years, the Rural Fils has also invested JD 49,000 to upgrade transformer stations, helping to improve electricity quality and reduce technical losses in the network. In a move toward sustainable energy, the Committee approved the installation of grid-connected solar systems for 44 homes belonging to low-income families and recipients of National Aid. The solar systems aim to reduce monthly electricity bills and enhance the financial well-being of some of the Kingdom's most vulnerable households. (Petra)
Jordan News
01-06-2025
- 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
01-06-2025
- 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
29-05-2025
- 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.
