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JOTC’s establishment came as part of the Government of Jordan’s plan for restructuring and liberalizing the downstream petroleum sector. The plan followed the expiry of Jordan Petroleum Refinery’s (JPRC) concession agreement in 2008, which had previously granted JPRC exclusive rights to refine crude oil, trade and market petroleum products in Jordan.
JOTC was founded in 2015 to fulfill two goals in Jordan’s energy sector: to guarantee the security of Jordan’s oil supply, and to promote competition in the downstream petroleum market by providing its services to customers according to the open-access principles on a non-discriminatory basis.
JOTC is a private shareholding company, wholly owned by the Government of the Hashemite Kingdom of Jordan offering an integrated set of oil storage and logistics services across Jordan. To ensure our services are provided on a fair, reasonable, and non-discriminatory basis, JOTC abstains from purchasing, selling or trading petroleum products in the local market; hence, guaranteeing our status as an independent storage provider.
Over a short period of time, JOTC has become well-known in the oil and gas industry in the region and is the preferred storage provider for major Oil Marketing Companies (OMCs) and Liquified Petroleum Gas (LPG) Distribution Companies in Jordan, who consider JOTC facilities part of their infrastructure.
We provide our services in accordance with the principles of open use and on a fair and non-discriminatory basis, thus enhancing competition in the local oil and gas market. We play a major role in supplying the Jordanian market with petroleum products & LPG by linking petroleum importers and distributors to the end users via providing storage, handling and transportation services.