To what extent are financial support and investment volumes from the GCC being affected by lower oil prices?
Jordan Energy
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Economic update | Jordan pushes ahead on renewables
21 Jun 2016
The expansion of Jordan’s renewable energy segment has seen a marked acceleration in recent years, with nearly 1000 MW of solar and wind projects currently being implemented.
Articles & Analysis | New legislation is supporting efforts to launch renewable energy projects from The Report: Jordan2015
With Jordan importing an estimated 97% of its energy needs, costing up to 40% of its annual budget in recent years, development of renewable energy has become a top priority for the kingdom, particularly wind and solar power, with Jordan’s dry, sunny climate and windswept northern and eastern regions offering the perfect locale for wind...
Articles & Analysis | The kingdom is reducing reliance on hydrocarb from The Report: Jordan2015
Jordan does not hold significant reserves of crude oil and natural gas, and has historically imported the majority of its energy. This has been especially disadvantageous in recent years, as regional volatility has affected gas supplies from Egypt and scuttled a planned pipeline to Iraq, while high oil prices had until recently resulted in the...
Interviews & Viewpoints | Ibrahim Saif, Minister of Energy and Mineral Resources: Interview from The Report: Jordan2015
As Jordan has historically imported the majority of its energy needs, the drop in global oil prices between mid-2014 and early 2015 will have a positive impact on the kingdom’s near term energy bills and on its trade deficit. However, the kingdom is also set to diversify its energy sources moving forward. As part of its National Energy Plan, Jordan hopes to see 29% of total energy needs met by...