Base Oil Prices in Jordan
Jordan in West Asia and tangent to the Gulf of Aqaba is in the best location for trading. Base oil refers to a type of oil that is used as a primary ingredient in the production of lubricants, such as motor oils, hydraulic fluids, and industrial oils. Jordan has faced economic challenges, including high unemployment rates and public debt. Base Oil is one of the most important raw materials for industry and automobiles
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Jordan is a constitutional monarchy and parliament also plays an important role in the country. The use of lubricants can be traced back to ancient civilizations. Jordan has always pursued a pro-Western foreign policy and has long had close ties with the United States and Britain. The production of base oils in the Middle East under international certifications has a production of several million tons per year