The refinery finishes evaluating the technical and financing offers for the fourth expansion project.

Al-Anbat-Noor banihani 

 

The Jordan Petroleum Refinery Company has finished evaluating the technical and financing offers for the fourth expansion project, according to the company's disclosure , on Tuesday, to the Amman Stock Exchange.

 The company said that the negotiation stage is currently being completed with the consortium with the best offer, which is a consortium consisting of Italian, Chinese and Japanese companies, before signing any agreement with this consortium.

The company added that moving forward in the negotiation process depends on the exemptions from taxes and government fees that the consortium requires to sign the agreement, stressing that it will disclose any final agreement to implement the project in a timely manner without any delay.

It is noteworthy that the refinery expansion project is considered one of the major projects in the field of refining and energy in general. It is expected that the construction cost of this project will exceed $2.6 billion. It will be funded by export credit agencies in different countries, in addition to the participation of existing and new shareholders.