Jordan has a safe stock of oil derivatives — experts

Ministry of Energy and Mineral Resources  MEMR
(File Photo: Jordan News)

AMMAN — Assistant Secretary-General of the Ministry of Energy Hassan Al-Hiyari said on Monday that the government has, since 2011, adopted a policy of diversifying sources and relying on long-term agreements, which has maintained the stability of natural gas prices in Jordan, according to a local news outlet.اضافة اعلان

According to Hiyari, three marketing companies in Jordan, in addition to the Jordan Petroleum Refinery, import oil derivatives.

He added that the increase in the prices of oil derivatives globally led to the prices to rise locally, which negatively affected the economy.

He pointed out that the storage capacities in Jordan are within international standards and requirements, adding that Jordan has 1,836,000 tonnes of storage capacity for oil derivatives.

Hiyari said that the government’s stock of oil derivatives, which is used in emergency cases, is still full, adding that there are three stores for oil derivatives in Jordan, one belonging to the private sector, the second to the Jordan Petroleum Refinery, and the third owned by the government.

He reiterated that Jordan is within the internationally recognized safe limits in terms of oil derivatives stockpile.

Former energy minister Mohammad Hamed said that consuming countries have difficulty accessing gas and oil to due to the sanctions imposed on Russia and Iran.

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