Jan 26 2013
By Shaymaa Adel
Azzaman, January 26, 2013
The southern Province of Missan has emerged as a major oil producer in Iraq as more of its giant oil fields come on stream.
Foreign firms are developing Missan fields and currently the province produces 230,000 barrels of oil a day, according to Ali Muaarij the head of Missan Oil Company.
The Missan Oil Company was founded when foreign majors rushed to develop the province’s oil fields estimated to hold billions of barrels of proven reserves.
Muaarij expected Missan fields to churn out up to 400,000 barrels a day by the end of the year and more than 1 million barrels by 2017.
He said his company has granted China Petroleum Pipeline (CPP) a $650 contract to build a 300-kilometer pipeline that will link Missan fields with storage depots in at the head of the Gulf.
This post has already been read 1136 times!