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Arab Potash
18 апреля, 16:06

Туркмения объявила тендер на строительство второго калийного завода

Туркменистан, после запуска крупнейшего в стране Гарлыкского калийного комбината, объявил тендер на строительство Карабильского горнорудного калийного комплекса по производству хлорида калия стоимостью $1,4 миллиарда, сообщили Рейтер в понедельник источники в концерне Туркменхимия. По информации источников, Карабильское месторождение по размеру сопоставимо с Гарлыкским, запасов которого хватит на 50 лет для выработки ежегодно 1,4 миллиона тонн продукции.

03 марта, 01:35

Engine Efficiency Seen Leading To U.S. Gasoline Demand Peak In 2018

Gasoline demand in the U.S. is expected to peak next year due to continuous engine efficiency gains, Reuters reports, quoting analysts at energy consultancy Wood Mackenzie. Demand for gasoline in the U.S. – the market which makes up one-tenth of the global oil consumption – is seen rising to some 9.45 million bpd this year and stay basically unchanged next year, before heading down to 9.28 million bpd in 2019, WoodMac says. “We expect gasoline engine efficiency to continue to improve through better deployment of batteries in hybrid…

03 марта, 01:35

Brazil’s Crude Oil Exports Sets Yet Another Record

Brazil’s oil exports jumped by 94 percent on the year in February, beating the previous record from January, as new offshore production is consistently coming on stream, according to data by the Brazilian trade ministry. February oil exports stood at 45.7 million barrels, which was 12 percent higher than in January, Reuters reported, citing the government figures. The surge in oil exports was a function of higher production from the offshore areas in Brazilian waters, where huge oil finds were made in the pre-salt and sub-salt layers in the…

03 марта, 01:35

EPA Scraps Methane Emission Reporting Rule

The Environmental Protection Agency has removed an Obama-era rule that requires oil and gas companies to report methane emissions from oilfields – a rule that had prompted complaints from 11 oil and gas-producing states that argued it required too much work. The EPA’s new boss, climate change skeptic and former Oklahoma Attorney General Scott Pruitt, said the change was effective immediately, adding he will go on to assess whether the additional information that EPA required from energy companies under its previous management is indeed…

02 марта, 21:43

Israel Just Started Exporting Natural Gas…To Jordan

Israeli firm Delek Drilling – the part of Delek Group developing Israel’s offshore gas fields – has started exporting natural gas to Jordan in what are Israel’s first gas exports ever, AFP reported on Thursday, citing a company spokeswoman.The exports had started in January this year.In early 2014, Delek said that it had signed an agreement to export natural gas from the Tamar project to consumers in Jordan, and two Jordanian companies, Arab Potash Company and Jordan Bromine Company, had signed deals to buy Israeli gas that…

02 марта, 17:30

Израиль начал экспорт газа в Иорданию

В Иордании израильская компания Delek Drilling занялась поставками газа иорданским фирмам Arab Potash и Jordan Bromine

17 февраля, 02:22

Индия может сократить субсидию на калий

Министерство химической промышленности и удобрений Индии выступило с инициативой сократить на 17% субсидию на калий в следующем финансовом году для уменьшения дефицита бюджета, сообщает Reuters со ссылкой на чиновников. По данным агентства, этот шаг может негативно сказаться на показателях спроса одного из крупнейших импортеров в мире.Сокращение господдержки в Индии, считает Reuters, грозит сделать калий относительно дорогим для компаний-импортеров. Некоторые представители этих компаний заявили, что если предложение одобрят, то они станут просить о снижении цен при заключении годовых контрактов с мировыми поставщиками. Кроме того, компании намереваются повысить розничные цены для фермеров, что может снизить спрос.При этом глобальные производители, среди которых Уралкалий, Potash Corp of Saskatchewan, Agrium Inc, Mosaic, K+S, Arab Potash и Israel Chemicals надеялись на устойчивый спрос…

13 декабря 2013, 23:25

Noble, Delek near deal to sell Israeli gas into Jordan

Noble Energy (NBL -1%) and Delek Group (OTCQX:DGRLY), which are developing natural gas fields offshore Israel, are nearing a politically sensitive deal to supply gas to Jordan, WSJ reports. The deal would involve extending a gas pipeline from an Israeli chemical plant to a fertilizer plant in Jordan owned by Arab Potash, which is 28% owned by Potash Corp (POT). A deal would move Israel closer to exporting energy for the first time in its history, and could open a major economic link and provide a springboard for a much bigger supply deal between the neighboring countries. 1 comment!

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26 июня 2013, 20:19

Jordan reportedly is holding talks to become the first country to buy natural gas from Israel, which recently approved a plan to export 40% of offshore energy reserves. A link to Jordan could be established "relatively quickly" by extending a pipeline across Dead Sea salt pools from an Israel Chemicals (ISCHY.PK) plant to an Arab Potash plant. APC's top shareholder, Potash (POT), may be eager to make the connection to lower production costs.

Jordan reportedly is holding talks to become the first country to buy natural gas from Israel, which recently approved a plan to export 40% of offshore energy reserves. A link to Jordan could be established "relatively quickly" by extending a pipeline across Dead Sea salt pools from an Israel Chemicals (ISCHY.PK) plant to an Arab Potash plant. APC's top shareholder, Potash (POT), may be eager to make the connection to lower production costs. 1 comment!

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16 мая 2013, 03:01

Jordan: An Interview with H.E Alaa Batayneh, Former Minister of Energy and Mineral Resources

Natural Gas Europe was pleased to have the opportunity of conducting an interview with His Excellency Mr. Alaa Batayneh, former Minister of Energy and Mineral Resources in the Government of the Hashemite Kingdom of Jordan.   On Jordan’s energy history Energy is a major challenge to our budget. We import 97% of our total energy needs. The remaining 3% is made of natural gas produced locally at the Risha field in the eastern desert near the border with Iraq. Various energy shocks led to our National Energy Strategy: Increasing our reliance on national resources Diversifying the sources of energy Historically, Jordan benefited from special relations with its neighbours. For many years, the Kingdom had access to either free or cheap oil from Iraq. The preferential treatment was the result of a grant given by Iraq to Jordan. Since 1985, barter agreements with Iraq to trade goods for crude oil also removed some of Jordan's oil bill from the balance sheet. The price of oil was capped at 19 USD per barrel. Following the war in Iraq, things changed. Jordan no longer had access to free oil (except for a Saudi and Kuwaiti grant of some barrels of oil in 2003 and 2004). In the absence of indigenous resources, the Kingdom started importing its oil at international prices. The second major energy crisis followed the Arab spring: Gas from Egypt stopped flowing after the Arab Gas Pipeline was bombed over 15 times in a period of 15 months. Jordan did not foresee the disruptions in its energy supply as a result of the Arab Spring, hence no measures were taken to develop its own resources. Given its previous access to cheap energy resources, such measures wouldn’t have been lucrative. Now that oil sells at over USD 100, the Kingdom’s keen and speedy interest in exploring and developing its national resources is highly justified. The fact that Jordan is unexplored gives us a lot of hope. New laws were approved to allow the exploration and development of our national resources and to allow full investment and ownership by the private sector. The Natural Resources Authority (NRA) has limited resources to overtake this task alone. It acts as a regulator and also an instigator issuing permits, undertaking studies and attracting investors. Source: Jordan Atomic Energy Commission On the reasons behind the disruption of the flow of gas from Egypt to Jordan The Egyptians gave us numerous reasons to justify the disruption of the gas flow from Egypt to Jordan: First, our Egyptian counterparts alleged it was due to “low prices”. The Jordanian Government agreed to double the price of the Egyptian gas bought by the Kingdom in return for increased quantities.  Second, the Egyptians alleged the disruption was due to a “Force Majeure”. They considered that the bombings of the Arab Gas Pipeline that exports gas from Egypt to Jordan fall under the ‘force majeure’ clause (a force majeure is a common clause in contracts that essentially frees both parties from liability or obligation when an extraordinary event or circumstance beyond the control of the parties, such as a war, strike, riot, crime, or an event described by the legal term act of God. Source: Wikipedia). However, the Jordanian Government requires supporting documents and reports to settle this matter accordingly as per agreement. Third, the Egyptians alleged that 'technical reasons' were behind the disruption: the lack of maintenance of the gas fields. Jordan understands that Egypt has its own energy problems: frequent power outages and a growing population increasing its energy consumption. However, the agreement between Egypt and Jordan is an international agreement that is legally binding. The lack of Egyptian gas hit our budget severely (by JD 1.4 billion or the equivalent of USD 2 billion yearly for the past two years). Subsidies on oil and fuel prices were lifted and a compensation scheme to the public was created. The Egyptian Prime Minister visited Jordan late last year and promised to solve the problem: the amount of Egyptian gas received by the Kingdom increased slightly after his visit but did not reach the terms of the agreement. Technical teams from both the Jordanian and Egyptian sides are to meet to identify the actual quantities lost and which article of the agreement applies: In the case of a force majeure, no compensation will be due.  In the case of a gross negligence, the Egyptians will have to compensate the Jordanians for the quantities lost. The follow-up process is on its way, but it will take years before it is completed and years before Jordan is compensated adequately for the lost quantities. The amount of gas that was exported to Jordan is low compared to Egypt's daily production. Egypt produces an average of 5.8 billion cubic feet of gas per day, and its contract with Jordan is to export 253 million cubic feet per day (which represents approx. 4% of total production). The exported amounts are therefore negligible to Egypt but are essential to the Jordanian economy. Focusing on our national resources has hence become a matter of urgency. Ensuring Jordan’s security of supply is necessary. We are working on various projects to maximise our chances of becoming energy independent or at least reducing our reliance on imported energy. On natural gas BP announced in October 2009 that it is to join Jordan’s state-owned National Petroleum Company (NPC) to exploit the onshore Risha concession in the north east of the country. The Risha concession, awarded by the Government to NPC, covers an area of about 7,000 square kilometers and includes the Risha gas field. In June 2012, BP began and later completed drilling the first deep well in its concession in the Risha natural gas field in eastern Jordan, near the border with Iraq, and now started drilling their second well. The drilling followed a "very successful 5,000 square km seismic acquisition programme in 2011". We hope intensive exploration and drilling at Risha will lead to the discovery of extensive recoverable gas reserves, which will help cut dependence on oil imports to fuel Jordan's power sector and industries and potentially turn Jordan into a natural gas exporting country. BP has already invested over $270 million to explore and evaluate the Risha block. We are hoping that the Risha field will produce anywhere between 330 million cubic feet of gas per day and up to one billion (according to their estimates) by 2020. Our current electricity generation needs amount to 250 million cubic feet per day. On oil shale Royal Dutch Shell followed, investing over $100 million to explore oil shale in Jordan's eastern and northern regions. In 2009, the Government of Jordan (GOJ) signed an agreement with Shell International through its local branch, Jordan Oil Shale Company (JOSCO), in which GOJ has given JOSCO the concession to explore oil from oil shale within a predetermined land space in an attempt to realise Jordan’s master plan: energy self-sufficiency. We expect Shell to start producing oil by 2023 according to their timeline. Jordan has 70 billion tonnes of oil shale, according to new estimates. This is equivalent to 7 billion tonnes of crude oil. With an improved technology, the price of production of one barrel could be as low as $70-85. With an alarming 7.4% increase in the rate of electricity consumption (and compared to the international average of 2% increase), it is imperative that Jordan works simultaneously on various projects in the hope of achieving a diversified energy portfolio whilst decreasing its dependence on expensive oil imports. The increase in our energy consumption is mainly due to an alarming increase in population: Syrian immigration resulted in a 10% population increase in just over a year. On renewables The Government is also working on solar and wind. Jordan is blessed with 315 days of sun. The speed of wind is 7 to 9 meters per second. The numbers encourage our use of renewables. We have signed 30 MOUs with 30 international consortiums. We expect to produce 1000 Megawatt of electricity (500 from wind and 500 from solar (mainly PV)). To expedite execution, the Government adopted a declared fixed tariffs at which it is willing to buy the electricity as long as the private sector's offers are formulated and approved by the end of 2013. We have adopted laws enforcing the installation of solar water heaters on every new building in Jordan. The new law came into force in April 2013. Additionally, it allows households to generate their own electricity from renewable energy and to sell the surplus to the grid through 'Net Metering'. On a new LNG port in Aqaba: An LNG port in Aqaba would allow imports of liquefied natural gas as a supplementary source to satisfy the current and future demand of natural gas, and guarantee a continuous flow of gas, with competitive prices to assist in reducing the cost of electricity production. The project consists of the construction and equipping of a new liquefied natural gas terminal in Aqaba with an operational throughput of 490 million cubic foot per day and a maximum throughput of 790 MMcf/d. The project started in September 2012, and the port is scheduled to receive the first LNG shipment by the last quarter of 2014. In late February, the ministry selected Golar LNG Ltd. to supply the floating storage and regasification unit (FSRU). We are not only focused on the price of energy but most importantly on the security of the supply. On the Iraqi-Jordanian pipeline: H.E. Alaa Batayneh finalised the principal agreement with the Iraqis to build a major pipeline of 1,680 km that will run from Iraq’s southern oil-producing region, Basra, to the Anbar province and then to Jordan’s port city of Aqaba. On importing gas from Israel Israel and Jordan signed a peace treaty in 1994 that normalized relations between the two countries and resolved territorial disputes. Royal Jordanian airline for example is the only Arab airline that flies into Israeli airspace. In February this year, Jordan’s Arab Potash Company discussed with its Israeli counterpart the possibility of importing Israeli gas. Such a decision would have to be taken solely by the APC depending on the viability of the study. In this scenario, the Government of Jordan will formalize the relation as it would be a cross-border agreement. Conclusion Although BP is conservative about its projections, the fact is that it already invested large amounts of money in the development of natural gas in Jordan signals its trust in Jordan’s resources. The years ahead will be challenging but we truly believe it will take 6 to 7 years before Jordan becomes partly energy independent and possibly an energy exporter. What we are certain about is that Jordan will not be importing 97% of its energy needs in the future. By 2020, we aim to achieve a diversified energy portfolio constituted of the following: 10% renewables 14% oil shale 25% natural gas 1% interconnectivity 12% nuclear 38% imported oil products Karen Ayat is an analyst focused on energy geopolitics in the Eastern Mediterranean. Follow Karen on Twitter: @karenayat His Excellency Mr. Alaa Batayneh Alaa Batayneh was born in Amman in 1969. The eldest son of H.E. Dr. Arif Batayneh, formerly member of the Lower House of Parliament, the Senate, Minister of Health, and Director General of the Royal Medical Services. Mr. Batayneh holds a BS in Electrical Engineering and MS in Management Information Systems from George Washington University in Washington DC. After working in the USA and in the UK for several years, he returned to Jordan to work in the private sector where he was running a consultancy company. He then held the position of Secretary General of the Ministry of Transport from 2000 until 2005, followed by becoming the Director General of Jordan Customs from 2005 until 2007. He was appointed Minister of Transport from November 2007 - April 2012. In May 2012 Mr Batayneh was appointed Minister of Energy and Mineral Resources. He received the Grand Cordon of the Order of Independence on 25/5/2006 and the Grand Cross of The Order of Orange-Nassau on 25/10/2006. Mr. Alaa Batayneh married Princess Rahma bint El Hassan in July 1997 and they have two children.  

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18 февраля 2013, 14:40

Иордания ведет переговоры о покупке израильского газа

Иорданские СМИ сообщают о том, что компания Arab Potash Company ведет переговоры о покупке израильского газа.

09 февраля 2013, 02:01

Efraim Chalamish: Israeli Elections and Foreign Investors

While recent elections in Israel have led to Benjamin Netanyahu's re-election, there are many uncertainties around the profile of his new coalition and its impact on foreign and economic policies. A lot has been said about Israel's vote to re-energize the peace process with the Palestinians and the need to adopt social and economic policies that help Israel's Middle Class to deal with inequality, poverty, and inflation. Clearly, a more secured Israel, both politically and economically, will be able to reach a better rating in global markets and more foreign investments, the backbone and ultimate engine of the Israeli economy. Yet, will the Israeli Government change its policies towards foreign investors? The previous Israeli government initiated several structural and economic reforms in order to respond to local market's demand. It restructured the off-shore drilling market, for example, and proposed legislation that separates real holdings from financial holdings. While these reforms can improve Israeli economy's performance in the long run, it has been perceived by many foreign investors as a sign of policy inconsistency, protectionism, and business ambiguity. Will this trend continue and how can the Israeli government respond? The need to respond to local political forces post-elections would likely empower many of these reforms. Since the legislation process and its implementation may take several years it would leave many foreign investors in an uncertain position. Moreover, the potentially over-fragmented and fragile new coalition might not last long enough to adopt many of its own proposed laws and reforms. It is a fact; very few Israeli governments reached their full term. Another important factor to keep in mind is Israel's macroeconomic circumstances. Deficit is high and a potential recession is looming, which would probably lead to higher corporate taxes and less incentives available for foreign investors looking for tax havens. Last year Israel rejected Intel's proposal to build another new plant in Israel for significant subsidies and tax-free regime. Intel invested in Ireland instead, and positive results are already being reported there. The increasing military conflicts in the Middle East following the 'Arab Spring' would reduce the chances of serious budget cuts in Israel. Another military conflict in the North may lead to an even higher budget in 2013-2014. All the same, local companies could use all the foreign financing they could get. A shrinking corporate sector and structural reforms may force many companies to look for new sources of funding abroad. Low valuations and an attractive developed regulatory environment may trigger a wave of investments by leading Western and Chinese multinational corporations. It will be Israel's responsibility to assure foreign investors that they are welcome and secure a stable and consistent economic and regulatory environment. Recent precedents are not encouraging, though. A potential transaction between Potash Corp, a leading Canadian manufacturer of fertilizers, and CIL, an Israeli public company and a world leader in the potash industry, has created a stir, accompanied by mixed feelings. While many think that merging a leading Israeli potash corporation into its large Canadian competitor reflects very well on the strength and promise of the Israeli market and economy, others claim that this is an attempt to take over strategic national assets that may eventually harm CIL's operations, employment and jobs, commodities' pricing, and Israel's national security. A (secret?) meeting between CIL's Chairman and Canada's Foreign Minister in Davos has been leaked to media recently. You can imagine what has been discussed in the meeting. Recently, I have argued that the Israeli Government can do a lot to help and facilitate such transactions. For instance, Israel can establish a permanent National Investment Committee that independently and a-politically screens and approves foreign investment in "strategic industries", similar to other Western economies. A National Investment Committee for foreign investments, I argued, would enhance the transparency and consistency required for the investment process as these values are at the heart of any foreign investor's business model. As analysts and investors look carefully at the result of recent Israeli elections , they should not get distracted by endless discussions about Middle East politics and military draft. They may want to hone on the government's annual returns. The devil is in the details.