VOL. XXXVII

NO. 44

1-AUGUST-1994

Jordan

JordanianCabinet Approves Establishment Of National Oil Company

The JordanianCouncil of Ministers has approved the establishment of a national shareholdingcompany with a capital of JD20mn ($29mn) to carry out oil and gas explorationand production in the country. The company's policies will fall under thejurisdiction of the government, which will be the majority shareholder, with theremaining shares offered for private subscription. Following its...