Middle East Economic Survey
JPRC Announces 2009 Results
The Jordan Petroleum Refinery Company (JPRC) in 2009 realized a net profit before tax of JD13.2mn ($18.6mn), up 36% from JD9.7mn ($13.7mn) in 2008, according to the companys Annual Report for 2009. Total sales revenue from products in 2009 fell to JD1,818mn ($2,563mn) from JD2,403mn ($3,388mn) in 2008, as a result of the fall in product prices, in line with the drop in the price of oil. The cost of...