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Cabinet approves mandating reasons for amended oil shale law

By JT | 23:24 September 24, 2017 |
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AMMAN — The Cabinet on Sunday approved the mandating reasons for an amended law to endorse the oil shale surface retorting agreement with Saudi Arabian Company for Oil Shale, the Jordan News Agency, Petra, reported.

The amendment comes in line with the government’s strategy to encourage investment in Jordanian oil shale and to enable investing companies to overcome challenges caused by the regional instability and the drop in oil prices. The amendment also follows the national strategy of energy, which seeks to diversify energy sources.

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