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Jordan Petroleum Refinery estimates fourth expansion project cost at $2bln

By Zawya8 hours ago Updated

By Majda Muhsen

The cost of Jordan Petroleum Refinery Company's (JPRC) fourth expansion project is estimated at around $2 billion, local Arabic language news outlet Al Mamlaka reported last week, citing the company's chairman Abdul Rahim Al-Baqaei.

The refinery upgrade project will have a refining capacity of 73,000 barrels per day (bpd), Al-Baqaei said.

He said the capacity was determined based on comprehensive economic and technical feasibility studies, as well as an updated market study prepared by consulting firms.

(Writing by Majda Muhsen; Editing by Anoop Menon)

(anoop.menon@lseg.com )

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