30 Jun '14, 9am

Jordanian cabinet OKs $2.4B oil shale project with Enefit; largest in region and world

Jordanian cabinet OKs $2.4B oil shale project with Enefit; largest in region and world 30 June 2014 Jordan’s Council of Ministers on Sunday endorsed all agreements prepared by the national electricity company with Estonian company Enefit which will carry out a mega oil shale energy project in the Kingdom. Minister of Energy and Mineral Resources Mohammad Hamed briefed the cabinet on the project to produce electricity through direct burning of oil shale. The ministers were updated on the progress of work while the Mining and Energy Regulatory Commission gave the go-ahead for signing the deal with the Estonian firm and start the $2.4-billion project, which will be the largest oil shale venture in the region and the world. The Estonian firm has agreed on all technical details of the 470-megawatt project at a tariff of 95 fils (JD0.095; there are 1,000 fils in a Jordanian dina...

Full article: http://www.greencarcongress.com/2014/06/20140630-jordan.html

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