An energy pauper in a region of oil barons, Jordan is pushing ahead with efforts to tap its vast oil shale deposits, looking beyond crude's current price slump as it scrambles for energy self-sufficiency.
The kingdom's latest step was a concessionary agreement signed earlier in May with oil giant Shell PLC to explore for and assess deep oil shale deposits _ a resource base has yet to be tacked onto the already proven 40 billion tons of surface shale deposits in the country. Those reserves, alone, are a mother lode that translates into roughly 28 billion barrels of oil for a country forced to import 95 percent of its energy needs.
But while officials hope …
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