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Borouge okays $656m dividend

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DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

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Jordan’s energy ministry signs two MoUs for copper, gold exploration

The Energy Ministry signed an MoU with a Turkish company also. (Petra)
  • The Jordan Integrated Mining and Exploration Company will conduct a 16-month copper exploration of a 78-square-kilometre area.
  • The Turkish "Solvest Trade and Industry Limited Company" will conduct a 14-month gold exploration in the Abu Khashiba Valley.

The Ministry of Energy and Mineral Resources on Sunday inked an MoU with a local company to explore for copper in the Dana region of Jordan’s south.

Another MoU with a Turkish company was signed to explore for gold in the Abu Khashiba region, also south, media reports said.

The Jordan Integrated Mining and Exploration Company will conduct a 16-month copper exploration of a 78-square-kilometre area outside of the Dana Nature Reserve, Minister of Energy Saleh Kharabsheh said.

Also, the Turkish “Solvest Trade and Industry Limited Company” will conduct a 14-month gold exploration in the Abu Khashiba Valley region of Jordan’s south.

According to the minister, the Turkish company’s exploration area is approximately 155 square kilometers.

This is the second collaboration with the Turkish company, following a memorandum of understanding struck in April to explore copper in the same region.