Amman, Aug. 14 (Petra) – The Jordan Oil Terminals Company (JOTC), an independent, open-access storage provider, signed two strategic agreements on Thursday with the Jordan Industrial Estates Company (JIEC) and the Ma’an Development Company (MDC) at the Ministry of Energy and Mineral Resources to develop, manage, operate, and own natural gas infrastructure for industrial supply in Muwaqar Industrial City and Rawda Industrial City in the Ma’an Development Zone.

The first agreement between JOTC and JIEC covers the development and operation of natural gas infrastructure in Muwaqar Industrial City to supply gas to industries located there. The second agreement between JOTC and MDC focuses on similar infrastructure in Rawda Industrial City, within the Ma’an Development Zone. The agreements support the objectives of the Economic Modernization Vision and Jordan’s transition toward sustainable, cost-efficient energy sources.

Minister of Energy and Mineral Resources Saleh Kharabsheh said the projects will expand Jordan’s natural gas network, reduce energy costs for factories, increase the competitiveness of national industries, and attract new investments, particularly in energy-intensive sectors. He noted that natural gas is 30 percent cheaper than heavy fuel oil, 55 percent cheaper than liquefied petroleum gas, and 60 percent cheaper than diesel.

JIEC Director General Omar Juwaid underscored that the agreements align with the Economic Modernization Vision by lowering industrial energy costs, boosting export competitiveness, and attracting investment.

//Petra// AJ
14/08/2025 14:01:34