AMMAN — In a recent announcement, Ziyad Saaida, the chairman
of the Energy and Minerals Regulatory Commission's (EMRC) Board of
Commissioners, revealed that Jordan is considering a shift from the current
fuel pricing system to price ceilings.
اضافة اعلان
According to Al-Mamlaka TV, Saaida highlighted the potential
for increased competition in the market if multiple marketing companies enter
the scene.
He emphasized that the presence of several players would
foster a more dynamic industry.
Investment opportunity
In line with this development, the EMRC has opened the doors
to interested investors looking to invest in the marketing and distribution
activities of petroleum derivatives within Jordan.
The move is expected to enhance investment opportunities,
streamline investment procedures facilitated by the EMRC, promote market
opening, generate new job opportunities, and guarantee the sustainable supply
of petroleum derivatives.
Saaida clarified that the primary goal of welcoming
investors into the petroleum derivatives marketing sector is to ensure
long-term supply security while bolstering competitiveness among participants.
At present, there are three marketing companies operating in
Jordan. Their licenses for petroleum derivatives are up for renewal this month.
Saaida indicated that the market requires one or two additional companies to
meet the growing demand effectively.
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