BAGHDAD: The Jordanian Capital of Amman has witnessed on Sunday the opening of the Promotional Conference of Iraq's 4th Oil Licenses Session, in which investment opportunities in the oil investment would be explained.
The Conference began with a detailed explanation of the investment opportunities, related to the excavation for oil covering 12 areas in different parts of Iraq, most of them in desert areas, according to Iraqi oil experts attending the occasion.
The Iraqi Oil Experts, representing the Oil Ministry's Excavations & Geological Surveys, who spoke in the conference, had explained details of the seismological and magnetic surveying of the said areas, using special sketches and maps.
The Iraqi Oil Ministry's Official Spokesman, Assem Jihad, had informed Aswat al-Iraq news agency in a previous statement that the Ministry had added 6 international companies on the 40 efficient companies, scheduled to attend the 4th Licensing Session, results of which would be announced next year.
Noteworthy is that the 4th Licensing Session covers 12 oil excavation areas in different parts of Iraq, the first of which is situated in northern Iraq's Ninewa Province, covering an area of 7,300 sq. km, with possible hydrocarbon (gas) fortunes.
The second area, shared by west Iraq's Anbar Province and Ninewa Province, extends to an area of 8,000 sq.km, also with hydrocarbon (gas) possibilities.
The third area exists in Anbar Province and extends for 7,000 sq. km, also with hydrocarbon (gas) fortunes, along with Anbar's 4th area, extending for 7,000 sq. km too with the same possibilities.
The fifth area is also in Anbar, extending for 8,000 sq. km, with hydrocarbon (gas) fortunes, whilst the 6th area extends between Anbar and southwestern Iraq's Najaf Provinces, for 9,000 sq. km with the same possibilities.
The seventh area covers the Provinces of Qadisiya, Babel, Najaf and Muthanna, over a total area of 6,000 sq. km, with hydrocarbon (oil) resources, whilst the 8th area extends between Diyala and Wassit Province over an area of 6,000 sq. km with hydrocarbon (gas) resources.
Iraq's 9th area falls in southern Iraq's Basra Province overran area of 900 sq. km, with hydrocarbon (oil) resources, whilst he 10th area falls within Muthanna and Thi-Qar Provinces, over an area of 5,500 sq. km, with possible oil resources, and the 11th area within Najaf and Muthanna Provinces, over an area of 8,000 sq. km, also with possibilities of oil resources.
The 12th and last area falls within Najaf and Muthanna Provinces, extending for 8,000 sq. km, with hydrocarbon (oil) possibilities.
The Iraqi Oil Ministry had announced in September last year that Iraq's oil reserves exceed 505 billion barrels, along its 66 excavated oil fields, whilst its possible reserve fields exceed 143 billion barrels of oil.
© Aswat Aliraq 2011
