Investors can apply online to oil projects in Jordan

Investors can apply online to oil projects in Jordan

A new portal introduced by Jordan at the end of 2023 allows investors to apply for oil projects online, according to the Energy and Mineral Resources Ministry.

The facility showcases available projects in crude oil, gas and minerals and is designed to attract foreign investors to this sector with the aim of developing Jordan’s natural resources and increasing income.

“This platform presents details of all investment opportunities in oil, gas, shale oil and minerals…it also allows investors to apply directly for projects,” the Ministry said in a statement published by Alghad Arabic language daily on Monday.

It noted that the portal “invest.memr.gov.jo” complements another investment platform introduced by Jordan in mid-2023 to lure in capital in other sectors.

(Writing by Nadim Kawach; Editing by Anoop Menon)

([email protected])

Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

© ZAWYA 2024