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Jordan, Whitehorn ink MoU for shale oil production
- Jordan: Thursday, October 25 - 2012 at 03:34
Jordan has signed a memorandum of understanding with Canadian firm Whitehorn to tap into the country's southern shale-oil reserves, Kuna has reported. The accord will start with an initial production phase of around 9,500 barrels a day of oil from shale over 220 sq km in the Attarat Um Ghudran and Isphere Al Mahatta areas of central and southern Jordan, which will be raised to 50,000 barrels a day in later stages, said the energy and mineral resources ministry. Whitehorn expects to invest around $1bn in the project.
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