Gov’t to pay JD105m to JPRC in first quarter of 2023

(File photo: Jordan News)
AMMAN — The Jordan Petroleum Refinery Company (JPRC) says that it has reached an agreement with the Ministry of Finance under which the government will repay JD105 million owed to the company during the first quarter of this year, Al-Mamlaka TV reported.اضافة اعلان

According to the JPRC’s financial statements, communication with the government is still ongoing regarding other financial matters in order to resolve outstanding obstacles to the government’s payment of its dues.

In June of last year, the company concluded a financial settlement agreement with the National Electric Power Company on the payment of dues owed by the latter, as well as delayed payment interest and installment interest. The agreement stipulated that the dues must be paid within a year as of July 2022, in equal installments.

The company is still negotiating with the government to determine the value of its gas activity commission for the years 2019 and 2020, which reflects an annual return on investment of 12 percent.

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