How much could oil shale realistically contribute to Jordan’s energy mix, and how do the country’s resources compare to those found abroad?
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Interviews & Viewpoints | OBG talks to Christopher Morgan, Chairman, Karak International Oil from The Report: Jordan 2012
Interviews & Viewpoints | OBG talks to Mike Weightman, Chairman, Regulatory Cooperation Forum (RCF); Chief Inspector, UK nuclear installations; and Executive Head, Office for Nuclear Regulation from The Report: Jordan 2012
How has the RCF helped Jordan establish an independent and effective nuclear regulatory regime?
Amid the regional turbulence caused by the Arab Spring, Jordan has navigated a steady course. This is a key advantage that the kingdom offers to foreign investors, who continue to regard the country as a strong base for targeting growth markets in the region and who are stepping up their involvement in core domestic industries such as energy, health care and information technology.
Unlike many of its neighbours, Jordan does not benefit from large hydrocarbons reserves. Consequently, around 96% of Jordan’s energy is imported, which costs as much as 20% of GDP on an annual basis. Spending on oil imports increased by 80% in January 2012 year-on-year, and this follows a 58% increase in spending between 2010 and 2011. To reduce dependence on foreign imports, policy makers are...
A new mining policy in the Philippines is intended to bring greater regulatory clarity to the sector and is an important step towards unfreezing the current hiatus in an industry that has huge potential. However, until a new revenue-sharing bill for the sector – which will likely raise taxes on mining operations – is implemented, no new contracts will be awarded.
Mientras que los descubrimientos recientes hechos por Brasil en el fondo del mar han sido el núcleo de las discusiones en la Industria Petrolera de Sur América, Colombia viene rápidamente rindiendo sus frutos con una producción que llega casi a duplicarse en los cinco años previos al 2011 y con una exploración que viene en crecimiento.