Jordan Petroleum Refinery Says Nine-Month Profit Rises Fivefold

Jordan Petroleum Refinery Co. (JOPT), the country’s sole refiner, said nine-month profit increased more than fivefold.

Net income was 55 million dinars ($77.6 million) from January through September, compared with 9.4 million dinars a year earlier, the state-run Petra news agency reported.

Jordan Petroleum Refinery has a processing capacity of 90,000 barrels a day, according to data compiled by Bloomberg. Jordan, one of the smallest economies in the Middle East, imports almost all its energy needs.

To contact the reporter on this story: Mohammad Tayseer in Amman, via the Dubai newsroom at mtayseer@bloomberg.net

To contact the editor responsible for this story: Inal Ersan at iersan@bloomberg.net

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