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Government authorises two new oil marketing companies

By JT - Sep 09,2018 - Last updated at Sep 09,2018

AMMAN — The Ministry of Energy and Mineral Resources announced on Sunday the licencing of  two new companies to market oil derivatives in the Kingdom, the Jordan News Agency, Petra, reported.

Minister of Energy and Mineral Resources, Hala Zawati said in a press statement that the decision was made to support restructuring of the oil sector, and to open it to competition after the licencing of three marketing companies (Jordan Modern Oil and Fuel Services Company, Jordan Petroleum Products Marketing Company and Total Jordan) at the beginning of May 2013.

The Ministry of Energy and Mineral Resources granted the licensed companies an exclusive period of three years from the date of commencing, during which the government did not license new marketing companies. The period of exclusivity began from the beginning of May 2016.

 

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