Middle East Economic Survey

VOL. LIII

No 50

13-Dec-2010

Jordan

Shell Plans $340Mn Oil Shale Investment

The Jordan Oil Share Company (JOSCo), a wholly owned subsidiary of Royal Dutch Shell, will invest at least $340mn in a 20-year exploration program aiming to achieve commercial oil shale production in the kingdom. State news agency Petra quoted JOSCo Head of Corporate Affairs Tamim Suyyagh as saying that $85mn of that amount would be paid to the government for all post-commercial production...