The second largest oil shale power plant in the world to be built soon

25/11/2011 15:23 Oil Market

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Jordan and China signed an MOU towards building the world’s 2nd largest oil shale power plant at a cost of $1.25bn.

Under the deal, the Chinese-owned firm Lejjun Oil Shale Production and Investments and Jordan’s National Electric Power Company (NEPCO) agreed to construct a 900MW oil shale thermal-fired power station in Lejjun, some 100 kms South of 'Amman. Officials are confident that the plant would represent an ideal solution for the kingdom to cope with prolonged shortage of fuel and help reduce impact of importing the necessary commodity. By this move, Jordan hopes to complete an ambitious plan to explore its oil shale reserves, estimated at between 40 and 70 billion tons, believed to be the third largest in the world. Additionally, Jordan envisages the construction of a nuclear plant despite rising tensions over environmental impact aftermath Japan's nuclear disaster.

Daily (31.03.2020): Oil prices plummeted to 18-year lows on Monday as demand suffers an unprecedented decline

31/03/2020 10:51:00

Crude oil prices crashed to fresh 18-year lows on Monday as growing fears over the coronavirus pandemic eroded demand, while the Saudi Arabia-Russia price war threatened to overload the market. Brent crude collapsed by 8.7% to close at $22.76 a barrel, the lowest settlement since November 2002. Meanwhile, the U.S. WTI crude plunged by 6.6% to end at $20.09 a barrel.

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Vestas wins 109MW French fancy

31/03/2020 09:28:00

Vestas has secured a turbine order totalling 109MW from an undisclosed customer in France for an unnamed wind farm.

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Poland State Gas Distributor Says It Wins $1.5 Billion From Russia's Gazprom In Price Dispute

31/03/2020 09:23:00

Poland’s largest distributor of natural gas has announced it won a years-long energy-supply price dispute with Russia’s state-run Gazprom worth $1.5 billion at an international arbitration court in Sweden.

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