Gov’t announces investment opportunities in mineral, petroleum sector

shahennews

The Ministry of Energy and Mineral Resources on Monday announced a set of places for investment opportunities in the mineral and petroleum resources sector in the Kingdom for the year 2021.

In an introductory bulletin, the ministry announced the seven districts of Al-Azraq, Al-Sarhan, Al-Sarhan Development area, the northern highlands, Al-Jafr, west of Safawi, and the Dead Sea as potential investment areas through a system of projects for petroleum, oil shale, coal and strategic mineral resources.

The bulletin, published on the ministry’s website, also includes preliminary information on the districts’ main results of geological and geophysical studies, seismic surveys, sedimentary basins and compositional studies, as well as the number and depth of wells and the oil evidence in each place.

This step comes within the framework of the ministry’s efforts to promote investment projects in areas where oil and gas may exist.

//Petra// RZ