Extending the world’s oil supply

The world faces an energy crisis in the lifetimes of most people living today: we consume six barrels of oil for every new barrel discovered and demand is rising relentlessly. Readily accessible global oil supplies are running out and are not being replaced fast enough by alternative energy sources. But there are 2.5 to 3 trillion proven extractable oil shale resources globally – more than double the world’s recoverable conventional crude oil reserves. Karak International Oil (KIO) is a Jordanian company that specialises in the mining and processing of oil shale, which can extend the world’s oil supply.

KIO employs leading edge technology and specialist expertise to unlock the potential of Jordan’s oil shale reserves – the 4th largest in the world. This untapped natural resource will help Jordan meet its domestic energy requirements and reduce its dependence on oil imports.

KIO’s first project is at Al Lajjun in Jordan and UK parent company Jordan Energy & Mining (JEML) has invested US $38m to date progressing the project.