AMMAN — The
Jordan Petroleum Refinery Company (JPRC) has announced that it has paid JD47.5 million for technical,
financial, legal, environmental, basic, and detailed design studies related to
the fourth expansion project as of the end of December 2022.
اضافة اعلان
Al-Mamalaka TV reported that an
estimated amount of JD6.3 million is expected to be paid during 2023, according
to the company's
annual report for 2022.
Negotiations continueThe company has completed its
evaluation of technical and financial proposals submitted by partners who have
applied to implement the fourth expansion project.
The consortium that has presented
the best offer includes Italian, Chinese, and Japanese companies. The company
is currently negotiating with this consortium.
JPRC also added that progress in the
negotiation process is subject to exemptions from taxes and government fees
requested by the consortium to sign the contract.
According to the annual report, the
company is still following up with government agencies to obtain the tax and government
fee exemptions required by the consortium to enable the implementation of the
project contract.
Refinery expansion project to exceed
$2.6 billionThe
refinery expansion project is
considered one of the major projects in the refining and energy sector, and its
construction cost is expected to exceed $2.6 billion.
It will be funded through
export credit agencies in different countries, in addition to the participation of
current and new shareholders.
j
The company is set to hold its
ordinary General Assembly meeting on April 5 at 11 am, using remote
broadcasting and visual and audio attendance technologies.
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