Parliament cancels petroleum exploration agreement with Ammonite

(File photo: Jordan News)
AMMAN — The Parliamentary Energy and Mineral Resources Committee approved a bill to cancel the law endorsing the agreement for petroleum exploration, evaluation, development, and production between the Jordanian Natural Resources Authority and Ammonite Energy International Corporation in the Jafar and Central Jordan region.اضافة اعلان

This decision came during a meeting held by the committee on Sunday, chaired by Talal Al-Nassour, and attended by the Minister of Energy and Mineral Resources, Saleh Al-Kharabsheh, the ministry's secretary-general, Amani Al-Azam, and the project manager in the ministry, Bahjat Al-Adwan, reported Al-Mamlaka News.

Kharabsheh clarified that after the agreement was published in the official gazette on June 2, 2015, the company did not implement any of its contractual obligations despite the Energy and Mineral Resources Ministry continuously following up and urging them to abide by the agreement's provisions. The company justified its inability to comply with the agreement due to fluctuations in oil prices.

According to the provisions of Article 32 of the production sharing agreement, the government cancelled the agreement within its powers because the company failed to fulfill its commitments.

Kharabsheh called for verifying the seriousness of companies interested in exploration and oil discovery by scrutinizing their previous experience in this field.

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