Jordan inks $1.8-bn oil shale deal with British firm
2011-03-09 23:10:00
Amman, March 9 (DPA) The Jordanian government Wednesday signed a $1.8 billion concession agreement with the Karak International Oil (KIO), a subsidiary of Britain's Jordan Energy and Mining Ltd, for the production of crude from Jordanian oil shale deposits.
A signatory to the agreement is also Polysuis AG, a subsidiary of Thyssenkrupp Group of Germany, which will prepare the designs, and install and maintain the equipment for the project.