SOURCE: North-West Oil Group

February 22, 2007 09:36 ET

NWOG Negotiates Owner/Operator Role in Jordanian Refinery

MOSCOW -- (MARKET WIRE) -- February 22, 2007 -- From February 12-14, North West Oil Group (PINKSHEETS: NWOG) President Ernest G. Malyshev was a delegate at a meeting between Russian government officials and Jordanian officials in Amman, Jordan. The intent of the meeting was to reinforce economic and political relations between the two countries, in part, through collaborative oil and gas projects.

The Russian government invited JSC "North-West Oil Group" to participate because of the company's reputation and its support of the government. Discussions focused on the creation of a working group to investigate the construction of a new refinery or reconstruction of an old refinery to be located in Jordan and operated by NWOG, Inc.

Mr. Malyshev will return to Jordan in March to sign a memorandum of understanding, detailing the scope of the project as well as NWOG's role and ownership percentage.

There is no relationship between this project and the Deir Ez Zor project in Syria beyond the desire of the Russian government and NWOG to strengthen ties with the Middle East.

About North West Oil Group (formerly Nord Oil International) North West Oil Group is a non-reporting, publicly traded Oil & Gas company trading under the ticker symbol NWOG on the U.S. Pinksheets market as well as on the Frankfurt Exchange under symbol CXIA.

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