Energy Jordan’s crude oil output drops by half in 2023 By Pramod Kumar August 27, 2024, 7:39 AM Unsplash/Zbynek Burival Jordan's crude oil output fell to 43,988 barrels from 94,675 barrels in 2022, according to the government Jordan’s crude oil output suffered a 50 percent decline year on year in 2023, official data shows. Oil production fell to just below 44,000 barrels last year, from just below 95,000 barrels in 2022, the Jordan Times reported, quoting from the Ministry of Energy and Mineral Resources’ annual report. However, natural gas production rose 14 percent, reaching just over 6 billion cubic feet (bcf) in 2023, up from 5.4 bcf in 2022. NewsletterGet the Best of AGBI delivered straight to your inbox every week NewsletterGet the Best of AGBI delivered straight to your inbox every week Last year, the country consumed 497,000 tonnes of liquefied petroleum gas (LPG), 1,320 tonnes of gasoline and 265 tonnes of jet fuel. However, Jordan imported 1.8 million tonnes of crude oil, 474,000 tonnes of LPG and 41,000 tonnes of jet fuel to meet its energy demand. Second phase of Jordan-Iraq power link to be ready in 2025 Jordan selects preferred bidder for $3bn water project Jordan’s economy grows 2% despite regional challenges Electricity consumption was primarily driven by residential and public buildings, which accounted for 46 percent of the total, followed by the industrial sector at 22 percent and commercial buildings and hotels at 17 percent, the report said. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
