Iraqi Gov’t forms new oil firm

BAGHDAD / IraqiNews.com: 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 IraqiNews.com news agency. He said that the firm will be responsible for oil production within the middle part of Iraq. MH (P)/SR 2