VOL. XXXVIII

NO. 27

3-APRIL-1995

Oil Prices

Jordan

Jordan Cabinet Approves Establishment Of National Oil Company

The Jordanian Minister of Energy and Mineral Resources, Mr. Samih Darwazah,announced on 27 March that the Council of Ministers had approved theestablishment of a state-owned national oil company capitalized at JD20mn($29mn) to undertake oil and gas exploration jointly with the private sector andalongside the exploration activities of foreign oil firms. The company will beowned by the...