EMRC encourages investments in oil product marketing, distribution in Kingdom

(File photo: Jordan News)
AMMAN — The Energy and Minerals Regulatory Commission (EMRC) has announced its support for investors interested in entering the market for marketing and distributing oil derivatives within the Kingdom. اضافة اعلان

In a statement published on its website, the commission clarified that it would process all applications in accordance with the regulations governing the sector's operations, according to a local media outlet.

Improving competition
According to Ziyad Saaida, chairman of the Commission's Board of Commissioners, this announcement reaffirms the government's policy of fostering competition in the domestic oil market.

By licensing new marketing companies to distribute petroleum products in the Kingdom, the government aims to align with the comprehensive energy sector strategy and the restructuring plan of the oil sector.

This initiative aims to ensure the provision of safe, stable, and sustainable services to the citizens.

Renewed licensesIn line with this commitment, the EMRC has recently renewed the licenses of three existing companies involved in petroleum product marketing, namely Jordan Petroleum Products Marketing Company, Jordan Modern Oil Services and Fuels Company (Manaseer), and Total Energy Marketing Jordan.

According Saaida, these renewals grant them an additional 10-year period starting from May 1st of this year, enabling them to continue their operations in the sector.

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