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ADNOC Distribution 2024 net profit down 7%

Minus UAE corporate tax, it would have grown by 2.4% to $725m

Maaden raises $1.25bn in sukuk offering

The Sukuk were offered in a five-year and a 10-year tranche.

DAE net profit up 36.2%

Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.

Borouge 2024 net profit $1.24bn

The company said it will maintain a $1.3bn dividend for 2025.

ADQ, Orion to establish JV

The partners commit to deploying $1.2bn in the next four years.

Jordan imports 12.99mn barrels of crude oil in 2021

FOR REPRESENTATION PURPOSE ONLY (AFP)
  • 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.