The Jordanian Petroleum Refinery Company announced the purchase and payment of the government’s stake in the company’s assets and assets in the city of Aqaba and airports, at an amount of 20.4 million dinars ($28.7 million).
The company said in a disclosure on the Amman Stock Exchange website, today, Tuesday, that this share was determined according to the agreement to terminate the company’s concession, signed between the government and the Petroleum Refinery Company, in implementation of the decision of the Council of Ministers.
The company stated that the value of the agreement was determined at the market value by the advisor commissioned by the government, which is the “Chan Oil Investments” company.
The Jordanian Petroleum Refinery Company operates the only oil refinery in Jordan, which was established in 1956, while the construction of the oil refinery began in 1957.
The company’s production does not currently cover all the kingdom’s needs for petroleum products, and Jordan must rely on imports from other countries.
