Karak oil international gets official approval to commence its work

4 October 2011 - Ammonnews

An agreement for a British company to exploit Jordan’s vast oil shale resources has received official approval. It will create over 3,000 jobs and bring major economic benefits to the Kingdom. ...The KIO oil shale project will operate according to accepted international standards of best practice including the Equator Principles, the UN Global Compact and the International Labour Organization Declaration of Fundamental Principles and Rights at Work. KIO will operate to rigorous environmental standards that limit emissions and ensure optimal use of water. Read More.