Jordan’s king directs government to capitalise on low oil prices – ZAWYA

Jordan’s king directs government to capitalise on low oil prices – ZAWYA

Jordan's king directs government to capitalise on low oil prices. AMMAN - His Majesty King Abdullah on Saturday stressed the importance of taking the necessary measures to maintain supplies of oil derivatives to various sectors.. During a visit to the Amman Strategic Reserves Terminal for Petroleum Products at Al Madouneh, King Abdullah directed the government to continue supplementing the strategic reserves of petroleum products, capitalising on the current drop in oil prices, according to a Royal Court statement.. The Amman Strategic Reserves Terminal for Petroleum Products, which was established with a $210 million fund from the UAE and extends over 400,000 square metres, was opened in 2019 and accounts for 21.5 per cent of oil storage facilities in Jordan, the statement said..