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Jordan signs $2B oil shale investment agreement with Saudi company

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The government of Jordan and the Saudi Arabian Corporation for Oil Shale (SACOS) recently signed a $2-billion agreement under which the government grants the Saudi company the right to extract and to develop the oil shale resources in the Attarat Um-AL-Ghudran region covering an area of 11 square kilometers.

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Jordanian cabinet OKs $2.4B oil shale project with Enefit; largest in region and world

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Minister of Energy and Mineral Resources Mohammad Hamed briefed the cabinet on the project to produce electricity through direct burning of oil shale. The current cost of generating power in the Kingdom is JD0.17 (US$0.24) per kWh. billion project, which will be the largest oil shale venture in the region and the world. Earlier post.).

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JRC report finds electric vehicles in Europe on the way to full-scale commercialization

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These support measures could be gradually reduced when further cost reduction for electric vehicles or other fuel saving technologies kick in and they become a regular choice option for the mainstream market. Nevertheless, recent studies indicate that battery costs may decline faster than originally anticipated in literature.