Middle East Economic Survey
VOL. XLVIII
No 51
19-December-2005
JORDAN
Citigroup Secures Jordan Refinery Expansion Financial Advisory
Citigroup has been appointed financial advisor for the expansion of Jordan Petroleum Refinery Companys (JPRC) Zarqa refinery. Initially, Citigroup will work on finding a strategic partner for the project, which is expected to cost $750-800mn. JPRC CEO Ahmad al-Rifa'i said that the plan is to increase capacity to 17,500 tons/day (131,250 b/d) in five years. Currently...
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