Jihad added that the formation of the company came within the Ministry's desire for development and oil investment. The company would be rallying to the sectors of the Ministry of Oil under its full supervision. Jihad stressed that the ministry is considering the foundation of other companies in provinces, which possesses oil fields.
The media spokesman expected that the Ministry will establish a similar company in the province of Kirkuk, for possessing oil fields, as well as in Wasit governorate, noting that there is a great tendency to invest natural gas in the province of Western province which possesses huge quantities of non-invested gas in the Western Desert, according to studies in the ministry. In Amman, the Jordanian Minister of Transport, Eng. Saud Al-Nusseirat, denied news yesterday about starting to provide his country with Iraqi oil at preferential prices up to 18 dollars per barrel.
Al-Nusseirat commented on the news that the fleet tank for the transport of Iraqi oil is ready for action "for about two months, but the technical aspects of the Iraqi side are still hindering the process of the actual transportation".
He expressed his hope that the amounts of oil transported to Jordan will be up to 30 thousand barrels per day. One of the news agencies reported yesterday that the Iraqi oil minister, Hussein Shahrastani, said: "Iraq started supplying Jordan with ten thousand barrels of crude oil at preferential prices up to 18 dollars.
" At the same time, secretary general of the Ministry of Energy and Mineral Resources, Eng. Khaldoun Kutaishat, expected "that the Jordanian side completed all the procedures for transfer through the Jordanian-Iraqi Company for Land Transport, which provides security for the transport of oil through its relations in Iraq," stressing that some of the technical obstacles from the Iraqi side "are still preventing the start of the transfer". (Source)AlSabah