VOL. XXXIX

No. 39

24-June-1996

JORDAN

Jordan Signs Initial Agreement For 'Aqaba Refinery Project

Jordan has signed an initial agreement with a US holding company - Corporate Holdings of America (CHA) - for the construction on a build-operate-transfer (BOT) basis of a $2.5bn export oriented refinery with a capacity of 250,000 b/d at the Red Sea port of 'Aqaba. The agreement was initialed in 'Amman on 16 June by the Jordanian Minister of Energy and Mineral Resources, Mr. Hashim...