JORDAN STOPS A $15 BILLION DOLLAR DEAL FOR ISRAEL GAS SUPPLY

 

oil drilling

BY ECONOMIC & FINANCE REPORT

The Jordanian kingdom has stopped a business deal worth approx $15 billion dollars for Israel’s oil and gas supply, reported by the Jordanian ¬†Ministry of Energy and Mineral Resources.

Instead the Jordanian govt has stated that it will sign  a mega gas/oil production deal with BG Group PLC, which is located outside the Gaza strip. The previous deal which has now been suspended; was with giant Israel based oil and gas company, Noble Energy (NBL). The deal was supposedly worth north of $15 billion dollars.

Jordan is doing this deal with tje BG Group PLC because of the halting of the gas/oil pipeline in Egypt, which affects the region especially Jordan directly. There has been constant pipeline bombings in Sinai, Egypt disrupting the production and output in the region.

-SB

 

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