Middle East Economic Survey

VOL. XLVIII

No 3

17-January-2005

JORDAN

Petrel Resources Signs MOU For East Safawi Block

UK-based Petrel Resources announced on 10 January it had signed a memorandum of understanding (MOU) with the Jordanian authorities covering the East Safawi block in eastern Jordan adjacent to the Iraqi border, which is convertible to an exploration and development license after six months. The hydrocarbon play targets Paleozoic horizons that the company has studied in western Iraq...