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Jordan oil imports down over 30% in first half of 2013

Jordan oil imports down over 30% in first half of 2013

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On Sunday the Jordan Department of Statistics released data that showed Jordan’s imports of crude oil and oil derivatives decreased from JD2.48 billion during the first half of 2012 to JD1.72 billion in January-June of 2013.

Energy expert Ahmad Hiasat said a contributing factor to the decline in the oil import bill could be a result of lower consumption by end users, who are paying much higher prices for fuel than this time last year.

Fahed Al Fayez, president of the Gas Station Owners Association, indicated that the Jordan’s oil imports could rise in the second half of this year as flows of natural gas are back to fluctuating levels due to political and social instability in Egypt.

The Department of Statistics has also noted that the coverage ratio of total exports to imports has increased to 36.5 per cent from 35.1 per cent.

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