17 April, 2010Saadi: It is expected annual production of oil fields in central Iraq to more than 400 thousand barrels per day
Said Deputy Director of the Contracts and Licenses in the Ministry of Oil Sabah al-Saadi is expected to reach production of oil fields in central Iraq to more than four hundred thousand barrels per day during the next few years, following the formation of oil company and the center display those fields for development.
For his part, said ministry spokesman Assem Jihad said the oil and the oil ministry had raised a proposal earlier to the Council of Ministers to form the fourth company to manage the oil fields in the center next to the three companies that currently exist.
Jihad said that the Ministry of Finance will allocate a hundred billion dinars for the formation of the company, the refinery will be the nucleus the center section of Baghdad, and occupy a lot of unemployed graduates and the oil and engineering institutes.
Jihad said that the Ministry of Oil will be the disengagement of some departments of the ministry and appended to the oil company to speed up the middle in the formation of the company, and reduce the momentum to other companies.
VinTV
