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The Government of Jordan has entrusted us to store, circulate and manage its strategic stock of petroleum products and LPG. Usually, governments store petroleum reserves as crude oil or finished products to ensure uninterrupted and adequate energy supplies in emergency situations.
Furthermore, we support the government to develop Jordan’s strategic stock policy, legal framework, and legislations to guarantee the safety and security of oil supply in Jordan, thus ensuring that Jordan meets its international obligations concerning the maintenance of a minimum reserve of petroleum products to draw upon in times of crisis.
The strategic stock that we manage is part of the range of emergency instruments that the government can utilize when a national energy supply crisis should occur. Our role in that case is to inject the strategic stock we manage in the local market as soon as possible.