2 National Oil Companies to be established in Iraq

Baghdad (IraqiNews.com) The Ministry of Oil announced proceeding in accomplishing all the technical and legal procedures to establish two national oil companies in Dhi-Qar and Wasit provinces.

The Ministry of Oil quoted the Minister of Oil, Abdul Karim Laibi, as saying ”The Ministry conducted all the required procedures and instructed the concerned sides to establish Dhi-Qar Oil company and Wasit Oil company as soon as possible.”

”The two companies will grant the Iraqi cadres big opportunity to be involved in the field of managing the oil process in the two provinces and the establishment of the companies will promote the economic level in both provinces,” the statement concluded.