By Suleiman Al-Khalidi
AMMAN (Reuters) – Jordan’s majority state-owned Nationwide Petroleum Firm (NPC) has found “promising” new portions of pure gasoline within the Risha gasoline subject alongside its jap border with Iraq, the power minister mentioned on Sunday.
Hala Zawati mentioned in a press release the circulate of gasoline from a brand new properly amongst a number of drilled this yr was “promising” however would change into clearer by year-end after remaining outcomes seem.
Risha, as soon as seen because the power importer’s potential gasoline lifeline, makes up practically 5% of the dominion’s consumption of pure gasoline of round 350 million cubic ft (mcf) per day for energy technology, officers say.
“It has proven promising outcomes..the efforts had resulted within the circulate of latest gasoline provides that may elevate the productiveness of the gasoline subject,” Zawati mentioned.
The hunt for gasoline within the jap desert space, that British oil main BP deserted in 2014 after investing over $240 million, has been stepped up since final yr, boosting portions by no less than 70%, Mohammad al Khasawneh, the pinnacle of NPC, advised Al Mamlaka state-owned tv broadcaster.
Jordanian officers had lengthy hoped intensive exploration and drilling at Risha would result in the invention of in depth recoverable gasoline reserves, which is able to assist reduce dependence on oil imports to gas Jordan’s energy sector and industries.
Zawati mentioned an bold 10-year power plan unveiled final yr goals to safe practically half of the nation’s electrical energy technology from native power sources in comparison with a present 15%.
It was a part of the trouble to diversify native power sources by increasing investments in renewable and oil shale to cut back expensive overseas gas imports, she added.
The nation, which now imports over 93% of its complete power provides, is burdened by a 2.5 billion-dinars ($3.5 bln) annual invoice, comprising nearly 8% of Jordan’s GDP and straining its economic system.
(Reporting by Suleiman Al-Khalidi; Modifying by Bernadette Baum)