The Jordanian government on 21 November signed agreements with France’s Total Jordan and the Jordan Modern Oil and Fuel Services Company (Manaseer) granting them licenses to distribute petroleum products in the kingdom, along with the Jordan Petroleum Refinery Company (JPRC), which has so far been the sole distributor.
The agreements are part of the government’s long term plan to restructure petroleum distribution and liberalize the energy market. The licenses to the two companies, which already operated a number of gasoline stations in the country, were approved by the government at the end of September. Each company has paid JD30mn ($42mn) to obtain its license. (CONTINUED - 765 WORDS)