Al-Karwi expects the Diyala Oil Company to be announced in 2026.

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Al-Karwi expects the Diyala Oil Company to be announced in 2026.

Diyala Council Chairman Omar Al-Karwi predicted on Monday that the Diyala Oil enterprise might be introduced during the 12 months 2026, noting that the council is intently following the administrative and organizational procedures for the first section of the agency’s status quo.

Al-Karwi informed dinaropinions.com, “The council seeks to set up a Diyala Oil enterprise much like the existing organizations in the relaxation of the governorates, mainly with the start of improvement steps for 3 oil and gasoline fields, similarly to different fields present process studies to be covered in improvement operations with the aid of the Ministry of Oil and the developing companies.”

He added, “the first essential steps to release the enterprise will begin in 2026, and it will serve as an important pillar inside the control of oil and gas fields, and allow the availability of more process opportunities, while cashing in on the available capabilities in numerous specialties.”

He pointed out that “the extent of natural oil and fuel wealth observed in Diyala, according to the to be had figures, is big, and reserves are predicted to boom with the of completion of development operations, in addition to the existence of destiny exploration tasks in several areas, and all preliminary indicators are very effective.”