Jordan Gets a Piece

Jordan's Shaheen Business and Investment Group (SBIG), has been awarded a $71.8 million contract by the Defense Energy Support Center (DESC) to deliver fuel to Southern Iraq.

The contract includes the purchase and delivery of 59.4 million gallons of unleaded
gasoline and diesel fuel from Jordan to the Ramadi area of Iraq. Fuel delivery under
the three-month contract is scheduled to begin on April 1, according to a press release.

The contract has three option periods of three months each that could extend the
agreement through March 31, 2005. In the event all options periods are exercised, the
value of the contract would be $287.3 million.