Egyptian agreement - Kuwaiti to explore for oil and gas in Basra

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Egyptian agreement - Kuwaiti to explore for oil and gas in Basra

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Information / BAGHDAD / ..
Said Egyptian Minister of Petroleum Tariq Al-Mulla, Wednesday, that he was the final signing of the partnership agreement between the Egyptian General Petroleum KWS and Kuwait Energy to explore for oil and gas concession in Basra in southern Iraq.

Mulla said in a statement seen by / information /, "The signing took place in Iraq today that Kuwait Energy ceded to Egypt for ten percent of its stake in the concession area under the Agreement. This comes in order to effectuate an agreement was signed through the support and development of the Egyptian economy in March Conference".
Mullah stressed in the statement "the importance of the partnership agreement that gave way to the oil sector for the first time to find new sources of oil and gas from outside Egypt and the opening of many areas of the Egyptian oil companies to work outside Egypt."

It was drilling the first well (Fayha 1) in the concession area is scheduled to start production in October, initially at a rate of about five thousand barrels per day and will increase to 150 thousand barrels per day after the completion of the development plan from 2020 to 2021. Finished / 25

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INVESTMENT COMMISSION complete integrated poultry project at a cost of three billion dinars

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Long-Presse / Muthanna

Announced the investment in Muthanna province, on Wednesday, completed a poultry project complex west of Samawah, and showed that while the total cost of the project up to three billion Iraqi dinars, confirmed that the project will contribute to reviving the reality of the province economically.

The chief investment MIC just Yasiri in an interview with the (long-Presse), "The poultry complex Noor state integrated project with four floors in the district of vegetables (12 west of Samawa) City km, achieved 100% accounted for," noting that "the project's capital up to 3 billion Iraqi dinars and the duration of the completion of 24 months.

The Muthanna Investment Commission announced earlier that it seeks to accomplish hatching another in the district of Rumaitha of the province of Muthanna plant in an effort to continue and develop the economic sector in the governorate.

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