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Economy
Oil Ministry signs contract to develop 9th Exploration area
27/01/2013 21:02:00

Baghdad (NINA) – The Ministry of Oil signed a contract with the Kuwaiti (Kuwait Energy) and the UAR (Dragon) companies to develop the 9th Exploration area in Basra.

A statement issued on Sunday, Jan. 27, by the Ministry of Oil said that the final contract signed with Kuwait Energy and Dragon Alliance to develop the 9th Exploration area, within the 4th Licensing Round.

The Ministry's Spokesman, Asim Jihad, said that the Contractor will carry out bi-dimensional seismic survey and determine its contents.

With this contract, the Ministry has signed four contracts to develop four explorations areas to determine their contents. / End.

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