JPRC Subsidiary Signs JD15.5M Deal for New LPG Storage in Aqaba

Aqaba: The Jordan Liquefied Gas Manufacturing and Bottling Company, a subsidiary of the Jordan Petroleum Refinery Company (JPRC) Group, has announced the signing of a significant agreement for the establishment of a new liquefied petroleum gas (LPG) storage facility in southern Aqaba.

According to Jordan News Agency, the agreement was signed with a consortium consisting of the Jordan National Shipping Lines Co. and Egypt's Petroleum Projects and Technical Consultations Company (Petrojet). The deal, worth approximately 15.5 million Jordanian dinars, encompasses the design, supply, and construction of two spherical LPG storage tanks, each with a capacity of 2,000 metric tons. The project is set to be completed on a turnkey basis within a 24-month timeframe.

The signing ceremony was attended by JPRC Chairman Abdel Rahim Al-Bukai, who emphasized the project's alignment with the company's vision to enhance operational readiness and address the increasing demand for LPG in the Kingdom. Al-Bukai highlighted the necessity of continuous investment in energy infrastructure to ensure supply security and efficient distribution. He further noted that collaborating with a Jordanian-Egyptian consortium signifies confidence in regional partners and strengthens cooperation on strategic initiatives.

JPRC's CEO, Hassan Al-Hiyari, who signed the agreement, described it as a strategic move towards developing an integrated LPG storage and distribution system. Al-Hiyari remarked that the project would lower operational costs associated with transporting LPG from Aqaba to various consumption hubs nationwide, thereby significantly improving supply security and ensuring uninterrupted availability under all conditions. He assured that the project would adhere to the highest engineering standards, utilizing the consortium's expertise and reflecting JPRC Group's dedication to its crucial role in Jordan's national energy security.