Jordan looks to oil shale for power needs
Two deals aim to provide feedstock for country's power plants
A new oil shale agreement with an Estonian energy firm is set to provide feedstock for Jordan’s power industry.
Eesti Energia is in the final stages of a deal with the country’s National Resource Authority (NRA) and is expected to invest around US $7 billion in the venture.
“We are looking to sign the agreement within the next few months,” NRA director Maher Hijazeen told the Jordan Times newspaper.
The Levant country is also close to finalising a similar deal with Jordan Energy and Mining Ltd (JEML), a Jordanian-British firm that specialises in the mining and retorting of shale reserves.
Hijazeen said that JEML was aiming to produce 50,000 bpd in “less than 10 years”, creating a significant number of jobs.
Previous NRA studies indicate that 40 billion tonnes of oil shale exist in 21 sites throughout Jordan. The National Electric Power Company says that a switch to oil shale as the feedstock for the country’s power plants could reduce Jordan’s energy bill by 40-50%.