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October 18 2021 5:56 PM ˚

Experts call for substitute to imported oil derivatives

gas pumps
(Photo: Pixabay)
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AMMAN — Energy experts have called for the elimination of imported oil derivatives from Jordan’s energy mix, in favor for higher reliance on renewable energy sources such as wind, geothermal, hydro, and solar energy, arguing the economic feasibility of such a strategy.اضافة اعلان

Amer Shoubaki, an energy expert, told Jordan News that "there have been serious attempts since 2014 for using green energy sources, as well as, the latest strategy envisioning that in 2030 there will be 50 percent dependence on green energy sources for generating electricity."

"Jordan's bill of oil derivatives reached in 2020 approximately $3 million," Shoubaki said. "Transportation uses almost 60 percent of oil derivatives, and that means that [transportation] is the greatest obstacle for Jordan and Jordanians for eliminating the usage of oil derivatives."

Shoubaki claimed that another hindrance for the green energy switch is that green energy projects are costly.

"I can say in this regard too that the government benefits from our usage of petroleum products; 33 percent of the government’s tax revenue comes from these products and that means that the government is going to lose [revenue] if we eliminate or reduce the use of oil," he added.

Zuhair Sadeq, another energy expert, told Jordan News that Jordan “cannot live without petroleum products despite their high prices or negative impacts on the environment."

"Look around: cars, airplanes, ships, almost everything around us needs oil derivatives. Even if we start using green sources they will not replace oil," Sadeq said.

Sadeq argued that Jordan needs to ensure sufficient supply of oil derivatives rather that substitute the commodity for another.

"Contrary to what it is said, I can confirm to you through my studies and research that we in Jordan have large quantities of oil, we just need to know how to benefit from it and extract it through the right drilling operations,” Zuhair claimed.

Sadeq argued that ongoing regional conflicts are affecting oil prices and supply, noting that the answer is that “we need to have our own oil sources."

The prices of oil derivatives in the global markets increased in the first week of the current month of June compared to the average prices in the month of May, according to data from the Ministry of Energy and Mineral Resources.


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