image description
image description
Tell A Friend

FinancialNews


  • 12-05-10

    Jordan, Estonian firm sign $6b oil agreement

    (MENAFN) Jordan and Estonia's energy firm Eesti Energia announced that they have signed a $6 billion agreement to explore for oil in the country's extensive surface oil shale reserves, AP reported. Head of Jordan's Natural Resources Authority, Maher Hijazin, said that the project involves full-scale oil shale extraction in a 30-square-kilometer in the kingdom's central Al-Attarat region. Hijazin said that the firm expects a potential daily oil production of 36,000 barrels within a decade, or 30 percent of the country's daily need. It is worth mentioning that Jordan has 40 billion tons of surface shale deposits, which translates into nearly 28 billion barrels of oil for a country forced to import 96 percent of its energy needs.

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved