Jordan Petroleum Refinery Company

Stock performance

History

Jordan Petroleum Refinery Company was founded to build Jordan's first and only oil refinery, addressing the country's need for domestic fuel-processing capacity given its lack of significant domestic crude oil production, and has remained the central institution in Jordan's downstream energy sector for nearly seven decades.

Business model

Jordan Petroleum Refinery Company refines imported crude oil into fuel products for the domestic Jordanian market, operating the country's sole oil refinery near Zarqa in central Jordan.

Market position

Jordan Petroleum Refinery Company holds a monopoly position as Jordan's only oil refinery, making it critical infrastructure for a country that imports essentially all of its crude oil needs.

Country impact

Jordan Petroleum Refinery Company is one of the most economically significant companies in Jordan, and its role as the country's sole refiner makes it central to Jordan's energy security given the absence of meaningful domestic oil production.