Iraq Agrees With A US Company To Invest Gas In Basra Province

BAGHDAD, IRAQ (NINA) - The oil minister, Jabbar Ali Al-Luaibi announced an agreement with the US firm (Orin) to invest gas associated with oil operations in the Ben Omar field in Basra province. Oil Minister said in a statement to his office on Monday that "the ministry's efforts to optimize the investment of gas wealth has resulted in a preliminary agreement to invest gas Ben Omar field in the province of Basra," adding that "it is hoped to sign the memorandum of understanding will be signed within days between the investor company and Basra Oil Company. " Ben Omar field is one of the most promising fields in southern Iraq, where it is developed by the national effort. Its crude oil production is more than 40,000 barrels per day and 25 million standard cubic feet per day of crude gas./ End