Jordan Daily – The government has listed the fourth expansion project of the Jordan Petroleum Refinery in Zarqa on the “Invest Jordan” platform. This initiative aims to increase the refinery’s capacity from the current 70,000 barrels per day to 120,000 barrels per day, meeting domestic demand for petroleum products and eliminating the need for imports.
The expansion project, featured on the platform with an estimated investment of around $3 billion, promises an internal rate of return of 13.2% on equity.
The project includes the construction of a new atmospheric distillation unit, boosting the refinery’s total capacity to 120,000 barrels per day of crude oil. Additionally, the project will see the implementation of a Diesel Hydrotreater unit, a Hydrocracker unit, and a Residue Slurry Hydrocracking unit.