Open

Coming up

Don't miss

Replay


LATEST SHOWS

#THE 51%

The Peacemakers: Does gender really make a difference?

Read more

DEBATE

Fatah-Hamas Talks: Towards a United Palestinian Front? (part 2)

Read more

AFRICA NEWS

S. Sudanese rebels accused of ethnic slaughter in oil town

Read more

MEDIAWATCH

Fascist finger-pointing

Read more

MEDIAWATCH

Hollande carries the cross of unemployment

Read more

DEBATE

Fatah-Hamas Talks: Towards a United Palestinian Front?

Read more

THE BUSINESS INTERVIEW

Thierry de Longuemar, ADB Vice President for Finance and Risk Management

Read more

TALKING EUROPE

2014-04-19 12:10-WB EN TALKING EUROPE

Read more

FOCUS

Remembrance of saint-to-be John Paul II alive and well in hometown Wadowice

Read more

  • French hostage Gilberto Rodrigues Leal has died, Islamists say

    Read more

  • Violent protests erupt in Rio de Janeiro

    Read more

  • Chelsea, Atletico draw 0-0 in first leg of Champions League semis

    Read more

  • French actress Catherine Deneuve to sell €4 million château

    Read more

  • Ukraine relaunches offensive in the east after politican 'tortured'

    Read more

  • Echoes of 2pac and Biggie? French rap feud turns violent

    Read more

  • New French film tackles grisly anti-Semitic murder

    Read more

  • Photos link ‘little green men’ in Ukraine to Russian troops

    Read more

  • New anti-radicalisation plans aimed at fighting jihadism

    Read more

  • David Moyes sacked by Man United after just 10 months

    Read more

  • Hollande facing mounting pressure over Syrian refugees

    Read more

  • US probes new claims of chemical weapons use in Syria

    Read more

  • Islamist militants kill second Somali lawmaker in 24 hours

    Read more

  • Court orders US to release memos on drone strikes

    Read more

  • ‘I suffered mock executions,’ says freed French journalist

    Read more

  • S. Sudan rebels massacre hundreds in key town, says UN

    Read more

  • Air strikes kill scores of al Qaeda militants in Yemen

    Read more

Business

BP and Jordan sign natural gas exploration deal

©

Text by News Wires

Latest update : 2009-10-26

Energy giant BP has signed a deal with Jordan to explore for natural gas reserves in the Risheh field near the border with Iraq in an investment that could reach billions of dollars.

AFP - British energy major BP signed a deal on Sunday with Jordan to explore for natural gas reserves in the Risheh field near the border with Iraq in an investment that could reach billions of dollars.
  
Under the agreement, BP plans to invest 237 million dollars to explore the Risheh field, which currently produces 21 million cubic feet a day, Minister of Energy and Mineral Resources Khaldun Qteishat told reporters after the signing.
  
"This first phase is expected to take between three and four years," he said.
  
"If the firm discovers large reserves, it would spend eight to 10 billion dollars in the second phase to develop Risheh to produce between 300 million cubic feet and one billion cubic feet a day."
  
Qteishat added that "such amounts would be enough to meet Jordan's needs."
  
"We would study the possibility of exporting gas in the future," he said.
  
Energy-poor Jordan discovered Risheh in the 1980s, and the field now covers an area of around seven square kilometres (2.7 square miles).
  
The tiny desert kingdom, which imports 95 percent of its energy needs, has also announced plans for a nuclear power programme to generate electricity and desalinate water.
 

Date created : 2009-10-26

Comments

COMMENT(S)