National Petroleum Company

What National Petroleum Company does

National Petroleum Company (NPC) is a Jordanian state-owned natural gas exploration and production company established in June 1995, operating the Risha Gasfield in northeastern Jordan — the country's only domestic natural gas source — under a production-sharing agreement with the Jordanian government. NPC is 99.92% owned by the Government Investment Management Company (GIMC) on behalf of the Jordanian government, with Safwa Islamic Bank holding the residual 0.08%. The company holds recoverable reserves of 4.675 trillion cubic feet and has produced 259 billion cubic feet cumulatively through year-end 2025, with strategic targets to scale daily production to 200 million cubic feet per day by 2030 and achieve national energy self-sufficiency by 2033.

NPC's product portfolio encompasses raw natural gas extraction, treated pipeline-quality gas via ZPTS gas treatment units and amine-based CO2/H2S removal towers, and small-scale liquefied natural gas (LNG) produced via four Galileo Cryobox modular units serving a Smart Station Bay at the Risha site. Drilling operations are executed under a $174 million, four-year turnkey contract covering 80 new wells via the Kuwait Company for Drilling. Commercial channels include industrial consumers transitioning from diesel, government energy offtake for power generation, and LNG exports to Lebanon launched in 2025. The company is also pursuing early-stage green hydrogen feasibility studies with Philadelphian Solar Jordan and Enertrag Germany.

Revenue accrues primarily through gas sales under the production-sharing framework with the Jordanian government, with direct government allocations supporting capital deployment: 87 million JOD approved for the 80-well drilling program and 3.4 million JOD of 2024 treasury receivables retained for development. Pricing is not publicly disclosed. NPC's go-to-market is institutional: production-sharing agreements with the Ministry of Energy and Mineral Resources plus direct LNG offtake agreements with industrial gas distribution and compression partners, with no commercial marketing apparatus or consumer-facing distribution layer.

Name

National Petroleum Company

Legal name

شركة البترول الوطنية المساهمة العامة المحدودة (National Petroleum Company Public Shareholding Limited)

Website

https://npc.com.jo

Company type

Public

Founded year

1995

Operating status

Operating

Headcount range

101–250 employees

Short description

National Petroleum Company is a Jordanian state-owned natural gas exploration and production company operating the Risha Gasfield, the country's only domestic gas source. The company extracts, treats, and liquefies natural gas for supply to government power generation, industrial consumers, and LNG exports to Lebanon.

Ownership category

akta.pro rank

Product category

Oil and Gas Exploration and Production

NAICS

Natural Gas Extraction (211130)

SIC

Crude Petroleum & Natural Gas (1311)

akta.pro primary industry

Conventional Natural Gas Exploration & Production (Dry Gas) (EUAAAAAA)

akta.pro secondary industries

Sour Gas / High-CO₂ Gas E&P (Acid Gas Fields) (EUAAAAAE), Gas Processing & NGL Recovery (Dehydration, Sweetening, Cryogenic Recovery) (EUALAGAG)

Keywords

• Natural gas exploration
• Natural gas production
• Lng production
• Oil and gas services
• Energy infrastructure

Headquarters

HQ city

Amman

HQ country

Jordan

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Technology or R&D, Personnel, Infrastructure

Revenue model

1. Natural Gas Sales: Sale of natural gas produced from Risha Gasfield to industrial consumers and distribution companies
2. LNG Sales: Compressed and liquefied natural gas sold to various sectors including industries transitioning from diesel

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

National Petroleum Company explores, develops, and produces natural gas from the Risha Gasfield in northeastern Jordan, and processes the gas into pipeline-quality methane and LNG for sale to industrial consumers and government counterparties. Its offering spans upstream exploration, gas treatment (CO2/H2S removal), small-scale modular LNG liquefaction, and large-scale drilling services, with emerging feasibility work on green hydrogen production.

Product overview

National Petroleum Company (NPC) is a Jordanian state-owned petroleum and natural gas exploration and production company operating primarily from the Risha Gasfield in northeastern Jordan. The company operates a vertically integrated energy business encompassing natural gas exploration and production, gas processing, and small-scale LNG production through modular technology partnerships. NPC's core offerings include raw gas extraction from its flagship Risha Gasfield (Jordan's only domestic natural gas source with 4.675 trillion cubic feet of recoverable reserves), gas treatment and processing at its dedicated facility, and liquefied natural gas (LNG) production and distribution using Galileo Technologies' modular Cryobox™ system. The company also develops infrastructure including drilling operations and is exploring green hydrogen production through feasibility studies. NPC's strategic plan targets increasing daily production capacity to 200 million cubic feet by 2030 and achieving energy self-sufficiency by 2033.

Differentiator

Problem solved

Functional benefit

Products and services

• Natural Gas Production from Risha Gasfield Exploration, development, and production of natural gas from the Risha Gasfield — Jordan's only domestic natural gas source — with recoverable reserves of 4.675 trillion cubic feet.
• LNG (Liquefied Natural Gas) Production Small-scale modular LNG produced using Galileo Technologies' Cryobox™ units, distributed via the Smart Station Bay to replace diesel in Jordanian industries and exported to Lebanon.
• Risha Gas Processing Station Gas processing facility at the Risha Gasfield that treats raw gas using ZPTS™ technology and amine towers for CO2 and H2S removal, producing pipeline-quality natural gas.
• 80-Well Drilling Program in Risha Gasfield Large-scale turnkey drilling program at the Risha Gasfield, executed by Kuwait Drilling Company, to expand production capacity toward the 2030 target of 200 million cubic feet per day.

Quantifiable outcome

• 259 billion cubic feet cumulative production from Risha Gasfield
• +1 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core, supporting and minor.

• Kuwait Company for Drilling (الشركة الكويتية للحفريات)coreStrategic or Co-development Partner · 9 October 2025Strategic partnership for drilling 80 new wells at Risha Gasfield with a total cost of $174 million. The project will be executed on a turnkey basis over four years. The Kuwait Company for Drilling had previously completed drilling 10 wells and demonstrated excellent performance. The project is funded by NPC through gas sales revenues plus government support of 87 million Jordanian Dinars.
• Hussein Technical University (جامعة الحسين التقنية)supportingStrategic or Co-development Partner · 7 September 2025Memorandum of understanding signed to enhance cooperation in technical education, capacity building, applied research, and innovation. Areas of cooperation include practical training, joint research projects, and support for entrepreneurship and student projects.
• Galileo TechnologiescoreTechnology or Integration · 8 July 2025Partnership to transform LNG production at Jordan's Risha Gasfield using Galileo's innovative modular LNG technology. The project includes four Cryobox™ units for small-scale LNG production, one ZPTS™ unit for gas treatment, a Smart Station Bay for LNG distribution, and two amine towers for CO2 and H2S removal. With recoverable reserves of 4.675 trillion cubic feet, this is Jordan's only domestic natural gas source.
• Unigaz GroupcoreTechnology or Integration · 8 July 2025Partner in LNG production project at Risha Gasfield, bringing extensive experience in LPG and liquid fuel distribution across the Middle East and Africa. Unigaz ensures seamless integration of LNG technology into Jordan's energy infrastructure and receives training from Galileo Technologies for plant operation and maintenance.
• Jordanian GovernmentcoreStrategic or Co-development Partner · 22 June 2025Production sharing agreement with the Government of Jordan. Government provides its share to NPC for development projects. Cabinet approved retention of 3.4 million Dinars in treasury receivables from 2024 revenues for Risha Gasfield development drilling of 80 wells.
• Philadelphian Solar Jordanian Company (فيلادلفيا سولار الأردنية)minorStrategic or Co-development PartnerLand use agreement for feasibility studies for green hydrogen production project
• Enertrag Germany (إنيرتاج الألماني)minorStrategic or Co-development PartnerLand use agreement for feasibility studies for green hydrogen production project. One of six companies that completed technical reports and moved to land use agreements out of 13 MOUs signed for green hydrogen production.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Saudi Aramco: Saudi Arabia's state-owned integrated energy company, the world's largest NOC. Overlapping in state-ownership model, integrated gas value chain, and national-energy-security mandate, though operating at a far larger scale and scope.
• QatarEnergy: Qatar's state-owned integrated energy giant and a dominant Middle East LNG producer. Comparable as a sovereign-backed national gas champion with LNG and gas-to-power operations, but vastly larger and globally scaled.
• Eni: Italian IOC with major upstream gas operations across the MENA region, including Egypt. Overlapping with NPC in regional gas E&P and gas-to-industry value chains.
• BP: Global IOC that was NPC's strategic partner at Risha from 2010-2014. Comparable in upstream gas operations and technology deployment in frontier acreage, though BP exited Risha without production success.

Direct peers

• Kuwait Petroleum Corporation: Kuwait's national oil and gas company, the parent of NPC's drilling partner. Comparable as a state-owned integrated energy operator in a Middle East single-country concession model with a national energy-security remit.
• OQ (formerly Oman Oil Company): Oman's integrated state-owned energy company operating upstream, midstream, and downstream assets. Comparable as a single-country national energy company running a mature upstream gas portfolio with midstream processing.
• Petroleum Development Oman (PDO): Oman's largest hydrocarbons producer with a long-standing gas E&P and processing operation. Comparable as a regional, state-equity-influenced upstream gas operator with established gas processing infrastructure, similar in operational model to NPC.
• Dana Gas: Middle East-focused natural gas E&P operator with upstream assets and gas processing across the region. Directly comparable as a regional upstream gas producer with midstream gas processing, similar in size and operating geography to NPC.
• Iraq National Oil Company (INOC): Iraq's state-owned national oil and gas company, comparable as a sovereign-controlled upstream operator developing gas reserves to displace flared and imported energy for domestic use.
• Egyptian Natural Gas Holding Company (EGAS): Egypt's state-owned gas E&P holding company operating upstream gas extraction, processing, and distribution within Egypt. Like NPC, it is a sovereign-backed national gas champion with both upstream and distribution responsibilities in a domestic-energy-security context.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/npc_plc
• LinkedInlinkedin.com/company/national-petroleum-company-npc

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about National Petroleum Company