Middle East Economic Survey

VOL. LII

No 17

27-Apr-2009

Jordan

NRA And Aqaba Petroleum Sign MOU For Oil Shale Development

Jordans Natural Resources Authority (NRA) and Aqaba Petroleum Company (APCO) on 19 April signed a memorandum of understanding (MOU) to exploit oil shale reserves by open cast mining in the Wadi al-Na'dhiyyah area in South Jordan. Under the MOU, with a term of two years, APCO will carry out a comprehensive exploration program and prepare an economic and technical feasibility study...