4 Days
Source:
خبرني
Government backs Risha pipeline project
The Jordanian government has approved the Council of Ministers' decision to extend the Petroleum National Company’s concession agreement for the exploration and production of oil and gas in the Risha field for an additional fifteen years, until 2061. This decision aims to boost local natural gas production, as the company seeks to achieve record-high production levels reaching 418 million cubic feet per day by 2030 and 810 million cubic feet by 2035, in support of national energy security and diversification of its sources. Additionally, the measures include the commencement of constructing gas processing units and a pipeline with an operational lifespan until 2029, supported by an annual government subsidy of 87 million dinars to facilitate the implementation of development plans.
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