15/08/2023
Minister of Investment Kholoud Al-Saqqaf inspected, during her visit today, Tuesday, to the Jordan Petroleum Refinery Company, the progress of the fourth expansion project in the company, which aims to raise the production capacity of the refinery and improve the quality of oil derivatives to keep pace with international standards, including environmental specifications, at an estimated cost of $3 billion.
According to the ministry’s statement, Al-Saqqaf and the accompanying team listened to a presentation by the CEO of the company, Eng. Abdul Karim Al-Alawin, about the stages that the company is currently undertaking to implement the project, in addition to the operational plans that the company is supervising.
She toured the refinery’s facilities and its various departments, to learn about its working mechanism and the different stages of refining.
Al-Saqqaf stressed the importance of the project, as it is one of the major projects that contribute to economic development, enhances the security of energy supply, and helps provide more local jobs, praising the role of the refinery as a national institution that plays an important role in the energy sector in the Kingdom.
She said that Jordan is considered one of the countries that attract investors in many investment sectors, including the energy sector, due to the presence of many investment advantages, explaining that the investment environment law and the system issued according to it include many advantages and incentives for new projects, expansion and development of existing projects, with the aim of enhancing the competitiveness of the economy. Encouraging investment in the Kingdom.
She touched on the most important achievements of the Ministry to improve the reality of the investment environment, such as the launch of the Invest in Jordan platform (invest.jo), which is the first interactive promotional electronic platform in the Kingdom for investors, with the aim of attracting investment and enhancing confidence in the investment environment, completing all legislation governing the investment environment, and approving The law of partnership projects between the public and private sectors, the approval of the investment promotion strategy for the years 2023-2026, in addition to activating the comprehensive investment service platform, and completing the automation of 95 services related to licensing and practicing economic activities.
In turn, Al-Alawin stressed that the company is constantly modernizing and developing its facilities to keep pace with the development that is taking place in the global refining industry. Pointing to the importance of the community and training role of the refinery, especially as it employs 1,750 male and female employees, in addition to 2,500 tank drivers.
And he indicated that the company implemented several expansion projects between 1970 and 1982, bringing the refining capacity to 8,700 tons per day, while the fourth expansion project works to increase the refining capacity from 60,000 barrels per day to about 120,000 barrels per day, at a total cost of about $3. Billions of dollars, to meet the needs of the local market and adhere to environmental requirements and in the specifications of the produced oil derivatives.