Jordan has signed a $2.2 billion build-operate-transfer deal with a consortium led by Estonia’s Enefit to have the Kingdom’s first oil shale power plant up and running by the end of 2018. Construction of the 470-megawatt plant, which is expected…
Standard & Poor’s (S&P) returned Jordan to a stable outlook, almost three years after lowering its ‘BB-/B’ status to negative amid economical and political regional instability. The international rating agency expects the deterioration in the country’s fiscal and external balances…
Finally taking the lead and thinking ahead to solve its energy issues, the Jordanian government is taking a stab at Gaza and Cyprus’s offshore gas reserves. Minister of Energy and Mineral Resources Mohammad Hamed said the agreement, which is yet…