1st Phase of east Iraq’s Badra Oil Field commenced

WASSIT / IraqiNews.com: The Russian Gasprom Oil Company has began implementing the 1 st phase of southeastern Iraq ’s Badra Oil Field in Wassit Province , the Province’s Media director said on Sunday.   “Gasprom’s Oil Company cadres, charged with executing the Badra Oil Field, 90 km to the east of Kut, has began the first phase of implementing the project,” Majid al-Itaby told IraqiNews.com news agency.   He said the first phase of the project has covered the ending of the engineering plans and the geological survey, to extract oil at the beginning of next year.   “ Southern Iraq ’s Oil company had signed a contract with four international oil companies, that are the Russian Gasprom, Turkish TPO, Korean Cogas and the Malaysian Petronas, to develop the Badra Oil Field for U.S.$100 millions,” Itaby said, adding that the Company would extract oil from a 170 square km area in Badra township.   Kut, the center of Wassit Province , is 180 km to the southeast of Baghdad . SKH (ST)         674