Although it is the only Refinery in Jordan, it managed to supply the local market with all its needs of various petroleum products, and its establishment had led to complete dependence on the imported high-cost oil derivatives; this had saved the Jordanian economy significant amounts of foreign currency, made available thousands job opportunities to citizens, opened the door to other new industries, and contributed to supporting important economy sectors such as the sector of electricity, transportation, industry and constructions.
[1] In June 2022, JPRC finalized the financial settlement for the dues owed to them from the National Electric Power Company, with the Ministry of Finance, in which the government will repay JD105 million during 2023 first quarter.
[4] JPRC began discussions with one of the consortia consisting of three companies from China, Italy and Japan, the bidding time for the project ended in December 2022.
[3][6] In January 2023 came the announcement about a $3 billion contract with Sinopec Engineering Co, Technimont and Itochu Corp. for the joint development of the fourth phase expansion at the Zarqa refinery.
[8] In 2023, JPRC signed an agreement for the termination of its concessions with the government, in which they made a payment of JD20.4 million for stake in their assets and those of the airports and city of Aqaba.