Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Jordan signs $771m deal for Israeli gas  Join our daily free Newsletter

MENAFN - Arab News - 21/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN -Arab News) AMMAN: Two Jordanian firms have signed a 771-million deal with US-based Noble Energy to supply them with natural gas from an Israeli offshore field, media reports say

The Arab Potash and Jordan Bromine companies singed the agreement on Wednesday to obtain from Noble Energy and its Israeli partners 2 billion cubic meters (around 70 billion cubic feet) of gas from Israel?s Tamar field for 15 years

?The supply will start in the coming two years. The project will reduce the total production cost for Arab Potash by 357 million and for Jordan Bromine by 7.5 million in the first stage of the project,? Al-Ghad newspaper quoted Arab Potash chairman Jamal Sarairah as saying

Noble Energy owns 36 percent of the Tamar field in the eastern Mediterranean

?The shift from heavy fuel to the less expensive and more eco-friendly natural gas is projected to produce total cost savings of 235 million dinars (331 million, 242 million euros),? Arab Potash General Manager Brent Heimann was quoted as saying in the Jordan Times

Energy-poor Jordan relied heavy on Egyptian gas supplies but a spate of attacks on the export pipeline through the restive Sinai Peninsula has repeatedly cut supplies to both the kingdom and Israel

Egyptian gas covers 80 percent of electricity generation in Jordan, which imports 95 percent of its energy needs. Officials have said the disruptions in gas supplies cost Jordan at least 1 million a day.


 


Arab News




  MENA News Headlines
 Jul 27 2015 - Omani Target LLC's USD58.36m pipeline bid may winMENAFN
(MENAFN) A contract for building a pumping station and a water pipeline to connect the newly planned Quriyyat water desalination plant with Wadi Dhaqah is expected to be awarded to Target LLC, Times ...

 Jul 27 2015 - Egypt residential rents up 20 percent in JuneMENAFN
(MENAFN) The rental prices of residential units in Egypt rose with rates ranging from 10 to 20 percent in June 2015, Daily News Egypt reported.Real estate brokers relate this upsurge to the increase ...

 Jul 27 2015 - Abu Dhabi population statistics revealed in new reportThe Arabian Post
(MENAFN - The Arabian Post) Newly-published statistics from Statistics Centre € Abu Dhabi (Scad) show that the population of the emirate is 133 times what it was in 1960.From that year until 2014, ...

 Jul 27 2015 - Dubai to sell Maltese telco stakeThe Arabian Post
(MENAFN - The Arabian Post) A company owned by Dubai Holding said on Sunday it plans to sell its 60 percent stake in Maltese telecom operator Go.Emirates International Telecommunications (EIT), a ...

 Jul 27 2015 - 3% quarterly fall in Dubai rentsThe Arabian Post
(MENAFN - The Arabian Post) Dubai residential rents declined by 3% during the second quarter of 2015, according to the latest ADIB/MPM Properties Real Estate report. This comes amongst a surge in ...

 Jul 27 2015 - Egypt- 30,000 units issued for Social Housing ProgrammeDaily News Egypt
(MENAFN - Daily News Egypt) Minister of Housing Mostafa Madbouly said this is to be the largest batch of units issued for the programme's applicants. In a ministerial statement on Sunday, Madbouly ...

 Jul 27 2015 - EGP 500m to construct solar powered compoundDaily News Egypt
(MENAFN - Daily News Egypt) A total of EGP 500m in investments will be injected by the Modern Company of Real Estate Investment (MCR) into an integral compound operated by solar power.The compound ...

 Jul 27 2015 - Egypt- Clients have right to object to credit reports: I-Score Managing DirectorDaily News Egypt
(MENAFN - Daily News Egypt) Clients have the right to raise complaints to object to the incorrect data and reports in the their credit reports within 15 days from the date of receiving reports, ...

 Jul 27 2015 - Egypt- 9 banks offer self-query service, receive related complaintsDaily News Egypt
(MENAFN - Daily News Egypt) nine banks working in the local market, in cooperation with the Egyptian Credit Bureau of I-Score, are offering self-query service to help clients inquire about their ...

 Jul 27 2015 - 460 fish farming ponds to be established in Suez CanalDaily News Egypt
(MENAFN - Daily News Egypt) The Suez Canal Authority will begin implementing the National Project for Fish Farming in the Canal Zone, according to Suez Canal Authority (SCA) Chairman Mohab ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help