Latest news with #JoPetrol
Zawya
25-04-2025
- Business
- Zawya
Jordan: Agreement seals launch of ‘Watani Company' to channel Risha gas to key sectors
AMMAN — Ministry of Energy and Mineral Resources has signed an agreement to establish the National Advanced Natural Gas Company (Watani) that will work on providing natural gas from Risha Field to key economic sectors. The company will be established in a joint venture between the Jordan Petroleum Products Marketing Company (JoPetrol) and Jordan Liquefied Gas Company, the Jordan News Agency, Petra, reported. During the signing ceremony, Minister of Energy Saleh Kharabsheh said that the establishment of the company 'marks a major step in Jordan's efforts to boost energy independence and better utilize domestic natural resources.' "The creation of Watani aligns with our national strategy to secure reliable energy supplies and reduce dependence on imports. It also reflects our commitment to transforming local challenges into economic opportunities,' he said. He also highlighted the importance of the Risha gas field as a cornerstone of Jordan's energy sector, with plans to ramp up production to 418 million cubic feet per day by 2030 well above the Kingdom's current needs for electricity generation, Petra said. The minister noted that several projects are already underway to extend the natural gas network to industrial cities, as part of a wider endeavor to cut energy costs and support economic growth under the Economic Modernisation Vision. CEO of JoPetrol Khaled Zo'ubi described the move as "a strategic leap toward a more sustainable and efficient energy future." He added that the new company will provide integrated energy solutions that support Jordan's economy and promote clean energy, while Jordan Liquefied Gas Company CEO Salah Khazaleh said the launch of Watani was the 'culmination of years of hard work and represents a key part of the company's vision for a greener, more sustainable energy sector.' Mohammad Khassawneh, Director General of the National Petroleum Company, emphasised the national priority to boost production from the Risha field, both to serve local communities and to strengthen energy security, according to Petra. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Jordan Times
24-04-2025
- Business
- Jordan Times
Agreement seals launch of ‘Watani Company' to channel Risha gas to key sectors
Ministry of Energy and Mineral Resources has signed a strategic agreement to establish the National Advanced Natural Gas Company (Watani), in a joint venture between the Jordan Petroleum Products Marketing Company (JoPetrol) and Jordan Liquefied Gas Company (JT file) AMMAN — Ministry of Energy and Mineral Resources has signed an agreement to establish the National Advanced Natural Gas Company (Watani) that will work on providing natural gas from Risha Field to key economic sectors. The company will be established in a joint venture between the Jordan Petroleum Products Marketing Company (JoPetrol) and Jordan Liquefied Gas Company, the Jordan News Agency, Petra, reported. During the signing ceremony, Minister of Energy Saleh Kharabsheh said that the establishment of the company 'marks a major step in Jordan's efforts to boost energy independence and better utilize domestic natural resources.' "The creation of Watani aligns with our national strategy to secure reliable energy supplies and reduce dependence on imports. It also reflects our commitment to transforming local challenges into economic opportunities,' he said. He also highlighted the importance of the Risha gas field as a cornerstone of Jordan's energy sector, with plans to ramp up production to 418 million cubic feet per day by 2030 well above the Kingdom's current needs for electricity generation, Petra said. The minister noted that several projects are already underway to extend the natural gas network to industrial cities, as part of a wider endeavor to cut energy costs and support economic growth under the Economic Modernisation Vision. CEO of JoPetrol Khaled Zo'ubi described the move as "a strategic leap toward a more sustainable and efficient energy future." He added that the new company will provide integrated energy solutions that support Jordan's economy and promote clean energy, while Jordan Liquefied Gas Company CEO Salah Khazaleh said the launch of Watani was the 'culmination of years of hard work and represents a key part of the company's vision for a greener, more sustainable energy sector.' Mohammad Khassawneh, Director General of the National Petroleum Company, emphasised the national priority to boost production from the Risha field, both to serve local communities and to strengthen energy security, according to Petra.
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.
