China and Jordan ink US$ 2.5billion oil shale deal

David Nealis President of Ceres Ltd

China and Jordan ink US$2.5 billion oil shale deal

A consortium of Chinese and Jordanian power firms will be building a US$2.5 billion oil shale-fired power plant in Jordan following the signing of an MOU between China and Jordan. The deal was sealed during the visit of Jordan's King Abdullah II in Beijing. A consortium of China's Shandong Electric Power Construction Corporation (SEPCO III) and HTJ Group as well as Jordan's Al-Lajjun Oil Shale Company will build the power station in the southern city of Karak, with the aim of producing 900 mW of electricity, according to Chinese State Media.

This will be a very interesting project to watch, it’s my understanding that the Chinese oil firms lack the technology to properly extract shale oil.

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