Member of the Committee on energy, the oil Ministry invites for reliance on Iraqis in the oil field investment

Date: Thursday, 14-06-2012 03: 16 pm

Baghdad (newsletter) ... Invited Member of the Committee on energy and oil, the National Alliance Deputy//Al-Awadi, oil Ministry, Awad need adopting human cadres in the investment being exploratory patches did not win any of the companies in licensing rounds.

He said Al-Awadi (News Agency news) on Thursday: that Iraq possessed human potential and good with great experience in the field of oil and gas can be relied upon by the oil Ministry in developing and investing in the Iraqi oil fields.

He added: we must not keep rely solely on foreign companies in extractive industries but need to exploit Iraqi minds with this area especially sophisticated in being not exploratory patches to win any of the companies in the fourth round of licences for oil and gas, in order to have a real exploration of these patches.

And on the fourth round of licences held oil Ministry last month, Al-Awadi: advanced companies this round of substandard and ineligible unlike licensing rounds I, II and III which was productive and export where advanced global and well known companies, excluding him a fifth round of patches nine licenses that never won any of the companies to invest.

The oil Ministry said in March past the fourth round of licences to develop 12 locations, including seven sites gas exploratory and five oil sites spread over 6500 km spread over ten governorates, namely, Anbar, Ninawa, Diwaniyah, Najaf, Babil, Wasit Muthanna, Diyala, Basra and Dhi Qar.

The round ended with an investment of three exploratory plots are invading eighth between Diyala, Wasit area 6,000 square km won by Pakistan Pakistan petroleum company between the provinces of Muthanna and oil Qar with Coalition two Luka Weil Russian wambrks Japanese to invest oil exploratory area between the provinces of Muthanna and tenth Qar land five thousand and 500 square km. /finished/8 n. p