Jordan, Estonian firm sign $6b oil agreement

12 May 2010

(MENAFN) Jordan and Estonia’s energy firm Eesti Energia announced that they have signed a $6 billion agreement to explore for oil in the country’s extensive surface oil shale reserves, AP reported.

Head of Jordan’s Natural Resources Authority, Maher Hijazin, said that the project involves full-scale oil shale extraction in a 30-square-kilometer in the kingdom’s central Al-Attarat region.

Hijazin said that the firm expects a potential daily oil production of 36,000 barrels within a decade, or 30 percent of the country’s daily need.

It is worth mentioning that Jordan has 40 billion tons of surface shale deposits, which translates into nearly 28 billion barrels of oil for a country forced to import 96 percent of its energy needs.

More News

This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more

This site is registered on as a development site.