East Mediterranean

Jordan

Jordan’s low-growth economy and geopolitical balancing act seemingly leave the country on the perennial brink. The start-up of gas imports from Israel's Leviathan by 2019 will add pressure.

State of Play

Highly dependent on foreign aid and remittances, the kingdom's economy is set grow a mere 2% in 2018. Amman faces a popular backlash at each attempt to push through IMF-backed reforms. Plans to import natural gas from Israel’s Leviathan field, to curb a gaping energy deficit, face widespread public opprobrium.

2019 In Numbers

Peak Load	3.5	GW
GDP	41.9	$bn
Growth	2.3	%GDP
Debt	40.2	$bn
Debt to GDP	95.9	%

ALL DATA 2018 UNLESS OTHERWISE INDICATED.

Oil & Gas

27 May, 2022

Featured

Jordan Starts Upstream Appraisal Work

Jordan has kicked off a new appraisal attempt of oil reserves on the Sirhan Development and Jafr blocks. There has been little appraisal of Jordan’s frontier acreage in recent decades, and Amman is pinning its hopes on technology advances unlocking new reserves.