Russia Signs Deal for Oil, Gas Exploration in Jordan
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Russia’s Energy Minister Sergei Shmatko signed an agreement encouraging Russian companies, including state-owned OAO Zarubezhneft, to explore for oil and gas in Jordan.
The agreement allows for direct investment in exploration projects as well as ventures with private local companies to look for oil and gas in the Arab country. The accord also allows Russians to participate in projects for power generation, oil shale and renewable energy, Jordanian Energy Ministry said today said in an e-mailed statement.