An oil and gas refinery in Jordan. The Risha field is situated in the country’s eastern desertJordan has approved almost JD35 million ($50 million) for the development of its sole gas field to face growing domestic needs and slash imports.The funds, included in the 2026 budget, are part of a five-year plan that will expand the production of the Risha field, which is situated in the country’s eastern desert, by nearly seven times.The allocation is part of budgeted capital spending of around JD1.6 billion within the overall 2026 forecast expenditure of JD13 billion.A budget breakdown published on the finance ministry’s website this week showed the JD35 million would be used for “development of gas production in the Risha field next year”. (ICE AMMAN)

Fonte notizia: Arabian gulf business insight