The Jordan Petroleum Refinery Company (JPRC) announced that it had achieved total profits of JD28.8 million during the January-March period of 2023. According to financial statements issued by the JPRC on Monday, the government and the National Electric Power Company’s debt for the JPRC in the first quarter of this year amounted to JD478 million. The data revealed that the company’s sales during the same period amounted to JD457 million, noting that its sales of filling gas cylinders totaled about JD20 million, while activities from the Jordan Petroleum Products Marketing Company (JoPetrol) yielded profits of JD191 million. Furthermore, JPRC’s total net assets from refining oil reached nearly JD1.5 billion, the statement noted. Abdulkarim Alawin, the company’s CEO, said that such positive financial results reflect the strength of the refinery company’s performance and its future aspirations. On the fourth expansion project, Alawin said that the company is currently completing the negotiation stage with the tender that has the best offer, consisting of Italian, Chinese and Japanese companies.
Source: Jordan News Agency