JPRC Ensures Stable Energy Supply Amid Regional Tensions

(MENAFN- Jordan Times) AMMAN - The Jordan Petroleum Refinery Company (JPRC) on Wednesday underscored that its strategic stock of crude oil and liquefied petroleum gas (LPG) is secure and sufficient to meet domestic market demand without interruption, according to JPRC CEO Hassan Hiyari.

In a statement to the Jordan News Agency, Petra, Hiyari noted that the refinery continues to operate at full capacity to supply various economic sectors, including transport, industry, power generation and aviation.

He added that the company maintains a steady supply to local marketing firms and domestic gas cylinder distributors to ensure market stability.

Hiyari said that since the beginning of the month, the refinery has imported two crude oil tankers carrying around 2 million barrels.

Additional shipments are expected in the coming period, bolstering the Kingdom's strategic reserves to "comfortable levels" that cover roughly two months of consumption.

He emphasised that this strengthens Jordan's capacity to navigate regional developments that may impact supply chains.

The CEO pointed out that the JPRC relies on an advanced storage system with a total capacity exceeding 900,000 tonnes, distributed between Zarqa and Aqaba.

“This infrastructure allows for high flexibility in inventory management and ensures a regular supply to all local sectors,” he added.

Regarding domestic gas, Hiyari said that LPG shipments arrive at the refinery around every five days, guaranteeing that demand for gas cylinders is met without shortages.

He underlined that the company closely monitors supply movements to maintain market equilibrium.

“The refinery played a "crucial role" during a recent period when natural gas supplies to the National Electric Power Company (NEPCO) were interrupted,” Hiyari noted.

“The JPRC provided NEPCO with immediate supplies of diesel and fuel oil, ensuring the continuous operation of power plants without service disruptions,” he added.

Furthermore, Hiyari stressed that the JPRC remains in constant communication with major global oil and derivative suppliers to secure the Kingdom's energy needs under all circumstances, adding that the refinery continues to fulfil its obligations regarding aviation fuel and the requirements of local marketing companies.

The JPRC plays a pivotal role in ensuring the Kingdom's energy security, operating in full coordination with the Ministry of Energy and Mineral Resources and the Energy and Minerals Regulatory Commission, particularly amidst current regional conditions.

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