Jordan signed with Shell 340 million U.S. dollars of oil shale exploration agreement

According to Bloomberg news agency in Amman on May 17 reported that Jordan has been seeking to expand its oil and gas production, Jordan a few days ago with Europe's largest oil company Royal Dutch Shell signed a value of 340 million U.S. dollars to Jordan rich exploration of domestic reserves of oil shale a preliminary agreement.

Natural resource management agencies in charge of Jordan Maher Hijazin the Dead Sea in Jordan today, the media reporters, said that the agreement will make it possible to meet Jordan's future energy needs.

He said that the Jordanian Parliament in June this year a meeting to ratify the agreement.

Hijazin said that the European No. 2 oil company British Petroleum large (BP) and Jordan is also currently discussing a 240 million U.S. dollars worth in the region near the Iraqi border natural gas exploration agreement. Under the agreement, BP will be in a production of 25 million cubic feet of natural gas for a gas field in 3-4 years of natural gas exploration operations.

National energy demand is almost totally dependent on imports of Jordan plans to develop the country's oil shale. Oil shale is a kind of oil can be extracted from oil shale-like rock. April 2008, the Baltic region's largest utility company energy company Eesti Energia AS Jordan agreed to build a power plant the use of oil shale, the power plant with an annual generation capacity of 900 megawatts.

Source: www.in-en.com May. 19, 2009