Jordan gives initial approval for building oil refineryChristian Fernsby ▼ | January 22, 2020
Jordan announced that it gave initial approval to build a petroleum refinery and petrochemicals complex in the south of the country.
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Topics: Jordan oil refinery
The initial approval stipulates that the project should abide by proper technical and financial guidelines without requiring the government to present any guarantees to secure raw materials for the refining process.
The terms also exempt the government from any financial and contract obligations as a result of granting the approval and licenses for the project, he added.
Currently, there is only one refinery in Jordan. The country is working on a joint project with Iraq to build an oil pipeline from Iraq's Basra to Jordan's Aqaba to export the Iraqi oil to Egypt and then to African markets. ■