21 April 2010 - Al Sumaria TV
Iraq Government Spokesman Ali Dabbagh said that the Cabinet approved Ministry of Oil request to establish Naft Al Wassat Company with a capital of 100 billion Iraqi Dinars.
Dabbagh said that the company will produce and treat crude oil secluding gas and store and pump crude oil towards refineries and consumption stations in Iraq in addition to export outlets.
To that, this company will also produce, treat, compress gas and deliver the same to gas manufactures and to exportation outlets.
The company will also develop oil and gas fields for the purpose of maintaining production and to raise its rates according to the plans of the Ministry.