Middle East > Jordan > Refinery company looks to expand gas station network

Jordan: Refinery company looks to expand gas station network

2017/06/02

The Jordan Petroleum Refinery Company (JPRC) plans to expand its network of gas stations across the Kingdom, a senior executive told The Jordan Times Sunday.

The expansion in gas stations is carried out through the Jordan Petroleum Products Marketing Company (Jo Petrol), a subsidiary of JPRC and its marketing arm.

Jo Petrol Director General Khaled Zu’bi said the company has bought 12 gas stations from individual owners, and they were renovated and upgraded in accordance with the new standards to accommodate service stations.

With the new acquisitions, the number of gas stations owned by Jo Petrol went up to 27, as the refinery by presently owned 15 stations, Zu’bi added, noting that the firm’s major objective is to hold the major share of the domestic petroleum products market.

“Our goal for the medium term is to own 50 stations across the country.”

He said the capital of the company, established in 2013, is JD15 million.

Jo Petrol can enter into long-term partnership deals with individual owners of gas stations or those who have a licence for setting up an outlet to sell oil derivatives, Zu’bi noted.

The company, which distributes fuel products to 170 out of 500 gas stations across the country, as well seeks to become the number one distributor, Zu’bi said.

Currently, JPRC, Total Jordan and Manaseer supply oil derivatives to gas stations under distribution agreements signed with the government in November 2012.

Total Jordan owns around 40 service stations across the Kingdom, while Manaseer is the proprietor of some 35 stations.

In addition to the stations, both companies are allowed, under the 10-year licence agreement, to supply some 120 service stations each.

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