Canadian firm to help Jordan develop oil shale

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Amman, May 18 (IANS) Jordan's cabinet has approved the signing of an agreement with a Canadian energy company to develop oil shale, the state-run Petra news agency reported on Monday. The council of ministers said the Canadian company Questerre Energy Corporation expressed willingness to invest around $1.4 billion in the project, the report said. The approval is part of the government's efforts to rely on local resources and utilize oil shale reserves. As part of the deal, the company will conduct studies in two areas in the south of Jordan to develop oil from oil shale.

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