Deputy: The Ministry of Oil’s fifth license will revitalize 6 regions of eastern Iraq

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Deputy: The Ministry of Oil’s fifth license will revitalize 6 regions of eastern Iraq

On Saturday, Representative Mudar Al-Karawi revealed that the fifth license from the Ministry of Oil will reinvigorate six districts in eastern Iraq.

Al-Karawi said in a telephone interview, “The Ministry of Oil’s fifth license gave a good space to develop oil and gas fields in the Diyala regions in eastern Iraq, especially Khana Oil, Khashm Al-Ahmar, and other fields spread across 6 distant regions that have not had any opportunity for development and investment for decades.” .

He went on to say, “Foreign companies have actually begun to reach sites for developing oil and gas fields, which means creating economic recovery by providing job opportunities and ensuring higher production is achieved in accordance with the readings approved in the schedules of agreements with the developing companies.”

He went on to say that “Diyala includes up to 10 oil and gas sites and may rise if a comprehensive survey is conducted, especially since all readings indicate that the observed reserves are very large, especially in the gas sector.”

Chinese and Emirati businesses began operating in several fields east of Diyala as part of the Ministry of Oil’s fifth licensing agreement.