The Saudi Arabian Corporation for Oil Shale has said it expects to start producing oil from oil shale in Jordan within five years, after lawmakers approved agreements it signed with the government, Jordan Times has reported. “I expect the agreement to be endorsed by the Senate soon, and in March, it is expected to be published in the Official Gazette,” Maher Hijazin, the company’s president, told the daily. Under the project, whose costs will range between $2bon and $3bn, the company will start producing 3,000 barrels of oil per day in five years, he said. The company’s production will reach about 30,000 barrels of oil per day by 2025, Hijazin added.
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