Jordan Oil Terminals Company (JOTC)
Oil & Energy - , ,
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Jordan Oil Terminals Company (JOTC) Details
The Jordan Oil Terminals Company (JOTC) is the first independent open-access storage provider in Jordan offering world-class storage, handling, transportation, aviation fueling and bunkering services for local and regional clients in the petroleum industry. JOTC offers an integrated set of oil storage and logistics services across Jordan. Additionally, JOTC designs, builds, operates, and maintains its storage terminals to meet and exceed regulatory and international standards. Our vision is to become a nationally and regionally renowned company for providing storage and logistics services to the petroleum industry.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 granted JPRC exclusive rights to refine crude oil, trade and market petroleum products in Jordan.Founded in 2015, JOTC is a private shareholding company, fully owned by the Government of the Hashemite Kingdom of Jordan. JOTC serves two goals in Jordan's energy sector: to guarantee the security of oil supply of Jordan, and to promote competition in the downstream petroleum market through providing its services to customers according to the open-access principles on non-discriminatory basis.
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