Middle East Economic Survey

VOL. LIII

No 16

19-April-2010

JORDAN

Jordan Signs MOU For Oil Shale Exploration

Jordans Natural Resources Authority (NRA) on 11 April signed a memorandum of understanding (MOU) with the Jordan Oil Shale Energy Company (JOSECO) for the latter to carry out oil shale exploration in a 51 sq km area in the Bayar region of southern Jordan. JOSECO will drill up to 12 wells, as well as carry out various geological, geophysical and chemical studies for two years. If the studies...