Friday, 22 September 2017 01:35 GMT

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Debts owed to JPRC reach USD1.50b

(MENAFN) Cumulative debts owed to Jordan Petroleum Refinery Company (JPRC) reached USD1.50 billion, Jordan Times reported.

JPRC Chief Executive Officer Abdel Karim Alawin told Energy Minister Mohammad Hamed that National Electric Power Company (NEPCO) and Royal Jordanian were the main debtors among other institutions which have not paid anything for more than one year.

JPRC's chief warned that unless the government formulates a reformed subsidy structure for gas and petroleum derivatives, and rectifies the issue of debt accumulation, the operations of the refinery will be greatly hampered.

Alawin indicated JPRC refines 14,000 barrels of light Arab oil daily, noting that the maintenance, replacing reactors and developing work systems are continuing in line with building new reservoirs for liquefied gas with a capacity of 8,000 tones, for petrol with capacity of 40,000 cubic meters and plane fuel with a 20,000-litre capacity.
Debts owed to JPRC reach USD1.50b

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