Jordan's Minister calls for resource mobilisation for climate action

TDT | Manama                                                

The Daily Tribune – www.newsofbahrain.com     

Jordan's Minister of Energy and Mineral Resources, Dr. Saleh A. Al-Kharabsheh, has called for sustained efforts in mobilising and securing resources to fund climate action initiatives.

During visits yesterday to Bahrain Petroleum Company (Bapco) and Tatweer Petroleum, the ministry said it’s crucial for countries in the region to adopt sustainable development approaches to meet growing energy demand and achieve emission targets.

His remarks came as the minister held talks separately with Bapco and Tatweer officials in the presence of Dr Mohamed bin Mubarak Bin Daina, Minister of Oil and Environment.

The meeting were alongside key officials including Abdulla Jehad Al Zain, Chairman of Bapco and Board Member of Bapco Energies, Mr.

Mark Thomas, Group CEO of Bapco Energies, Dr. Abdulrahman Jawahery, Bapco CEO, and Johann Pleininger, CEO of Tatweer Petroleum.

Bapco CEO Thomas informed Jordanian Minister that they are reinforcing their strategies under the guidance of His Highness Shaikh Nasser bin Hamad Al Khalifa, Representative of His Majesty the King for Humanitarian Works and Youth Affairs, Chairman of Bapco Energies.

“By embracing cutting-edge technologies, making substantial investments, and cultivating a culture of innovation, we aim to elevate the Kingdom's stature as a prominent global energy participant and effectively achieve the objectives set forth in the Economic Vision 2030.”

The Jordanian Minister also held talks with CEO of Tatweer on increasing investment in the mining sector and the production of oil derivatives.

Jordan is considered one of the richest countries in terms of natural and mineral resources such as phosphate and potash, in addition to reserves of other industrial minerals.

The country is actively pursuing a goal of increasing the mining sector's contribution to economic growth to 10.5% annually.

The objective is to achieve export proceeds of $5 billion by 2033, surpassing the sector's current contribution of approximately 7.6% to GDP and 19% to total exports.