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Entry of foreign firms investing energy in Baquba
Date: Monday 20/2/2012 7:21
□ Baghdad / term follow-up
announced, first deputy governor of Diyala Furat al-Tamimi for a coalition of three companies acting foreign investment giant gas field east of Baquba, in the first entry of foreign companies for the field of investments in the energy field for decades.
He said Tamimi, first deputy governor of Diyala province, told Xinhua that a coalition composed of three foreign companies (Turkish, Korean and Kuwaiti) The acts of cleansing and cleaning the area around the gas field Mansourieh east of Baquba. The total field Mansourieh gas, which was discovered in 1979, its length (52 km) and width of (5 to 6 km) and a four-dug wells, and has a stockpile gas when the installer 4.5 trillion cubic meters.
The Alliance, which includes company (ITP AOL) Turkish , and (Kuwait Energy), Kuwait, and (Kocaz) Korean won at the end of 2010 to hold an investment round of licenses within the field set up by the Oil Ministry. Tamimi said that the start of foreign companies to invest in the energy field within the province of Diyala, which was hot from the provinces, confirms the stability of the security situation there. And that production of the field of gas will provide the revenues considerable material for the local government within the project petrodollars "which is the allocation of one dollar to the provinces producing oil for every barrel of oil produced in the fields and the allocation of dollars for every barrel of crude oil repeats in its refineries," as well as he will contribute to the insurance needs of the station gas to produce electricity will be established soon by one of French companies to secure the needed conservation of electric power.
suffer Diyala province, of a significant shortfall in the supply of electric power have contributed to the increase in hours of cutting daily to reach in many cases to 16 hours a day, what a negative impact on the citizens of the general areas of the province.
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