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Business, Economy, Energy

IHC H1 net profit $2.94 billion

The company posted 31% increase in revenue.

ADNOC Gas signs LNG deal

Will supply 0.5mmtpa of LNG to India's HPCL.

Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Jordan imports 12.99mn barrels of crude oil in 2021

FOR REPRESENTATION PURPOSE ONLY (AFP)
By TRENDS Desk
July 3, 2022 5:37 pm
  • 1.19 mn barrels of Iraqi oil were imported since supply was launched in September 2021 until end of 2021
  • Oil production from the Hamza oil field amounted to 105,000 barrels during 2021

Jordan imported 11.8 million barrels of crude oil through the port of Aqaba, while a total of about 1.19 million barrels of Iraqi oil were imported since supply was launched at the beginning of September 2021 until end of 2021.

According to a report published by Ministry of Energy and Mineral Resources on its website, oil production from the Hamza oil field amounted to 105,000 barrels during 2021.

This quantity was produced, according to the agreement signed to develop and operate Hamza oil field with the National Petroleum Company (NPC), in 2020 with the aim of increasing the field’s productivity, the report said.

In this context, Jordan’s Minister of Energy and Mineral Resources Saleh Kharabsheh, launched last June the oil exploration project in Sarhan Well in the Kingdom’s southeast at depths of 1,400 to 1,750 meters.

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