MP: The birth of Diyala Oil Company is imminent.. 3 economic benefits

On Thursday, MP Mudhar Al-Karwi confirmed that the Diyala Oil Company will soon be established.

“The idea of establishing the Diyala Oil Company was proposed four years ago, in light of the presence of nine to ten oil and gas fields in the province, the majority of which are not invested, with the exception of the Khana oil field and the Mansouriya gas field,” Al-Karwi stated in an interview with However, as a result of the ministry’s referral of other fields, including the Khashm Al-Ahmar field, in the previous licensing round, all conditions are now favorable for laying the initial foundations for its establishment.”

He added, “The record of laying out Diyala Oil Organization was introduced to the State leader during his visit to Baquba yesterday, and he vowed to put it on the plan of gatherings with the Service of Oil to continue with it, focusing on that laying out the organization has three advantages, the most noticeable of which is modifying the improvement of the leftover fields, making the ways for additional positions, and making a monetary recuperation, particularly in the prompt area of the fields.”

He said, “Diyala is an oil and gas province at the same time, and a large portion of its lands have not been subject to exploration, despite all indications that it contains good reserves of oil and gas,” and he was referring to Diyala.

It is imperative that the Service of Oil alluded, in its last cycle, 3 oil and gas fields for advancement in Diyala, the most noticeable of which is Al-Khashm Al-Ahmar gas field, which contains gigantic stores.