Middle East Economic Survey

VOL. LIII

No 17

26-April-2010

JORDAN

Jordanian Government Cancels Trans-Global PSA

The Jordanian government has cancelled a production sharing agreement (PSA) with Trans-Global Petroleum Jordan, a subsidiary of Trans-Global Petroleum of the US, for oil exploration in the Dead Sea/Wadi Araba region. Jordans Natural Resources Authority (NRA) Director General Mahir Hijazin said the decision was taken by the cabinet after the company failed to fulfill its contractual...