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Jordan, BP ink gas exploration deal
- Jordan: Monday, October 26 - 2009 at 09:33
Jordan's minister of energy and mineral resources has said that the kingdom and British Petroleum (BP) have signed an agreement to explore for natural gas reserves near the border with Iraq, AFP has reported. Under the agreement, BP plans to invest $237m to explore the Risheh field, which currently produces 21 million cubic feet a day. 'If the firm discovers large reserves, it would spend $8bn to $10bn in the second phase to develop Risheh to produce between 300 million cubic feet and one billion cubic feet a day,' the minister told reporters.
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StaffMonday, October 26 - 2009 at 09:33 UAE local time (GMT+4)
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