Although the UAE is an oil-rich country – the eighth-largest producer of oil in the world, with output of 2.8m barrels per day (bpd) in 2010, according to the US Energy Information Administration, and the fourth-biggest exporter – the emirate of Ras Al Khaimah has relatively limited resources when it comes to hydrocarbons. Oil and gas accounted for...
Relatively unaffected by the global slowdown, Ras Al Khaimah has witnessed extremely rapid growth in the past decade. The emirate’s GDP grew by approximately 8% in 2011, according to RAK’s Department for Economic Development. Industry was the main driver of this growth, accounting for around 30% of GDP in the same year. The rise in GDP served to...
Longstanding plans to develop Jordan’s nuclear energy resources gained some momentum, but also suffered some setbacks . The controversial project remains politically divisive and has several obstacles yet to navigate, including the selection of an appropriate site for a planned reactor, the provision of adequate financial and human resources, and...
In an effort to supplement increasingly disrupted supplies of Egyptian liquid natural gas (LNG), Jordan is urgently seeking alternative import solutions. Securing new sources of gas is of vital importance in the short term, given that the government is having to spend billions of dollars per year on diesel and heavy fuel in order to make up for the...
With an attractive regulatory environment for investment in electricity generation, the sector has seen new injections of foreign capital in recent months. Jordan’s privately owned distribution companies are in a similarly favourable position; their power purchase agreements (PPAs) ensure that the state-owned National Electric Power Company (NEPCO)...
Addressing Jordan’s energy imbalance had already been at the top of the government’s agenda before its Egyptian natural gas imports began to be disrupted in early 2011. But in view of the ongoing attacks on the Egyptian gas pipeline, policymakers now see the country’s energy balance as an issue of national security. As such, the government is keener...
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