Middle East Economic Survey

VOL. LIII

No 43

25-Oct-2010

JORDAN

Jordan To Reoffer East Safawi Block After Termination Of Petrels PSA

The Jordanian government on 12 October terminated the production sharing agreement (PSA) between Jordans Natural Resources Authority (NRA) and Petrel Resources of Ireland covering the East Safawi block, NRAs Director Mahir Hijazin told The Jordan Times of 15 October. He added that Jordan notified Petrel of a breech of contract, but that the company failed to...