Iraqi Gov’t forms new oil firmApril 19, 2010
BAGHDAD / Aswat al-Iraq: The Iraqi Council of Ministers agreed to form the Middle Oil Company as a state-run firm with a capital of ID100 billion.
“The firm will support national economy,” Dr. Ali al-Dabbagh, the official spokesperson of Iraqi government, said in a release on Monday received by Aswat al-Iraq news agency.
He said that the firm will be responsible for oil production within the middle part of Iraq.
