jordan pulse -
I read the article of His Excellency Dr. Jawad Al-Anani, former Deputy Prime Minister and well-known economist, published on 7/13/2023 on many Jordanian and international websites, and I was very surprised that His Excellency made many mistakes and inaccuracies in this article, which are:
1- The article claimed that America produces oil from oil shale, and this is not true at all. To this day, America has not been able to establish a single project to produce oil from oil shale, despite having the largest reserves in the whole world, and it had asked for help from the Republic of Estonia, which has the best experience in the world in this field. In 2008, to study the possibility of establishing a commercial project to produce 50,000 barrels of oil per day in the US state of Colorado, and I mention that an expert was appointed as a director for this project, who was working on a project to produce oil from oil shale in Jordan, and the project was not established for technical and financial reasons Several after doing many studies and spending tens of millions of dollars.
2- The article claimed that the generation of a unit of electrical energy from renewable energy sources has now decreased to less than 10 fils per kilowatt-hour, and this claim is far from reality, as according to the annual report of the National Electric Power Company for the year 2022, which was published a few days ago, The figures prove that the cost of generating a unit of electrical energy from renewable energy sources amounted to 65 fils per kilowatt-hour.
3- The article claimed that Jordan agreed with China to establish a power plant with a capacity of 1000 megawatts, and this is also an incorrect claim, as the government agreed with the Estonian government energy company and a private Malaysian electricity company to establish a station operating on oil shale that will feed the Jordanian electricity network with a capacity of 470 megawatts, not With China, a Chinese company with a percentage of 45% was entered when the Estonian-Malaysian consortium was unable to obtain financing except from Chinese banks.
4- The article claimed that the in oil prices made the project costly, and this is another fallacy, as oil prices, since the beginning of 2022, are the highest for the last 8 years, specifically from mid-2015, i.e. before funding was found for the project and before construction of the project began (March 2017). The question posed to His Excellency is what if oil prices rise in the coming years, specifically for the year 2047 (the end of the contract with the government), will the project be economically feasible in his opinion?!
5- The article claimed that we import from the Zionist entity a quantity of gas between 100-150 million cubic feet per day, and this information lacks accuracy, as the agreement signed with the Zionist entity obliges the Jordanian government to purchase a quantity of gas whose minimum amount is approximately 240 million cubic feet per day and its maximum amount is approximately 320 million cubic feet per day, before the minimum amount of gas that must be purchased was adjusted to approximately 185 million cubic feet per day, and this is what I learned from one of the former ministers of energy and mineral wealth. Attars range between 275-300 million feet per day.
6- The article claims that the Levanthan gas field in the eastern Mediterranean is not owned by the Israeli government, and that it is owned by the American Chevron Company. The Israeli woman collects royalties and taxes of 15.3% of all sales, not profits.
Dr. Maher Ibrahim Hijazin, Director General of the Natural Resources Authority (2004-2011)