Dinar Reporter (IQDUSD)

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Activating Ahdab's Field Investment Contract
Kut, 06 March 2008 (Al-Sabaah)
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Wassit governor Hamad al-T'arfa, emphasized that, the province activated with oil ministry the investment project of Ahdab field in Kut.

He added that they performed discussions last week in Amman between the oil ministry and one of the Chinese company which would start pulling out the oil from Ahdab field, pointing that the province granted the Chinese company to offer the secure for them.

Worth mentioning that, the old contract were canceled since it were as (a common contract) which could donating a share from the oil to the Chinese company, while the new contract were to provide for donating mounts of the money for the pulling out company or donating quantities of the oil according to the ruling price.