Jordan buys more gasoil after Egypt pipe attacks
Jordan Petroleum Refinery Co Ltd., the countrys sole refinery, has bought 500,000 tonnes of gasoil for power generation, industry sources said on Friday.
Continued attacks on a pipeline running through Egypt, Israel and Jordan has disrupted gas supply to the countries, in turn increasing demand for oil products like gasoil which are often used to fuel back-up power generators.
An explosion hit the Egyptian pipeline carrying gas to Israel and Jordan on April 9 for the 14th time since the uprising against President Hosni Mubarak began last year.
The refinery bought 500,000 tonnes of 0.5 percent sulphur gasoil for delivery over June to August from BB Energy at a premium of about $34 a tonne to Middle East quotes, one source said.
The prices are slightly weaker than for the 350,000 tonnes of gasoil purchased by Jordan for delivery in March from Vitol, when it paid a premium of $35.90 a tonne to Middle East quotes.
The pipeline link is run by Gasco, a subsidiary of Egypts national gas company EGAS, and has been shut since Feb. 5 after an explosion.
The pipeline could begin operations by next week, a source based in Jordan said. But this could not be confirmed.
"If thats the case, then the awarded contract might be stretched for several months rather than for just three months," he said.
The disruption of natural gas supplies has not only affected Jordan but its neighbour Israel as well. The Jewish state had sought up to a million tonnes of gasoil on the international market in November. (
Reuters
Video
Spot Lights
AFPTurkish Prime Minister Recep Tayyip Erdogan rallies supporters after riot police again clash with thousands of anti-government demonstrators in a second week of nationwide unrest.Three people have died in the protests against Erdogan and his Islamic-leaning Justice and Development Party (AKP), in power since 2002.Following are the main events of the past days:- May 28: A peaceful local protest
AFPTurkish Prime Minister Recep Tayyip Erdogan is facing one of the biggest challenges of his decade in power with anti-government protests that critics say have exposed growing discontent with his increasingly authoritarian and conservative agenda.Here are the key events since Erdogan's Islamist-rooted Justice and Development Party (AKP) assumed power in the predominantly Muslim but staunchly
AHRAM ONLINEFounders of Egypt’s 'Rebel' campaign, a newly established movement that aims to withdraw confidence from President Mohamed Morsi by collecting citizens' signatures, spoke at an open forum on Wednesday to discuss the campaign, which has recently gone viral online and on the streets.'Rebel' campaigners hope to collect 15 million signatures and hold a mass sit-in on 30 June –
BBC SportWhen it's put to him that he might be the most talented athlete in the world to hold a racquet, a bashful Ramy Ashour admits "that's pretty great".The 25-year-old Egyptian is more than just the current squash world number one - his elastic, unorthodox brilliance and charisma could be the key to squash breaking out beyond its four walls and regaining a place on the wider sporting
