Middle East Economic Survey

VOL. LIV

No 11

14-Mar-2011

Jordan

Jordan Signs Oil Shale Concession Agreement With KIO

Jordans Natural Resources Authority (NRA) on 9 March signed a concession agreement with Karak International Oil (KIO), a wholly owned subsidiary of the UK firm, Jordan Energy and Mining Ltd, to exploit oil shale deposits in an area of 35 sq km at El-Lajjun, 100km south of 'Amman, between Qatrana and Karak city. The agreement was signed by Jordanian Minister of Energy and...