Gazan: Dhi Qar governorate completed the opening of all oil company procedures

{Dhi Qar: Euphrates News} Chairman of the Board of Dhi Qar Gazan Naim Hamid stressed that "the local government has completed all the procedures for the opening of an oil company Dhi Qar, while noting that the opening will contribute to the development of the oil and the economic sector of the province."

He said the Gazan during a meeting with the director of the board of fields of Dhi Qar, he was in a press statement issued by the provincial council and the agency {Euphrates News} received a copy of it, "read the last preparations for the opening of Dhi Qar Oil Company and ongoing business in all conservative fields," adding that "to increase oil production fields to maintain more than 100 thousand barrels per day, requires the development and establishment of the oil company in isolation from the South Oil Company, which will be important in the economic aspect, and provide job opportunities for graduates, the unemployed and the promotion of the province's economy."

Gazan and he pointed out that "the local government has completed all the procedures for the opening of the listed company."

For his part, announced the director of the board of Dhi Qar fields Engineer Karim Yasser Hashem completed all preparations for cadres and structural and infrastructure that have reached the proportions of advanced completion eligible for the opening of the company.

It is noteworthy that the province of Dhi Qar has oil reserves estimated at nearly 20 billion barrels according to the Iraqi Oil Ministry.

The province of Dhi Qar, announced in December 2013, reached the legal production of the founding of the roof of a private oil company after production exceeded 150 000 barrels per day.

The date of the oil production in Dhi Qar to 2007, where it was direct first phase of the development of Nasiriyah oil field early that year, and the card initial production is estimated at 12 000 barrels per day.

The two companies Malaysia's Petronas and JAPEX Japanese has won a contract to develop the Gharraf field in the province of Dhi Qar, which includes drilling and development of 11 wells for the production of crude oil in the first phase, to be completed to reach 240 wells in 2017, it is due to the oil production ceiling rises in Garraf field by 2017 to 230 thousand barrels per day. Ended h