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The ministry of oil of Iraq (north Oil Company) signs a contract as the final to Develop (Al Ahdab) oil field. 

The ministry of oil of Iraq (north Oil Company) held a big celebration adopted by the Iraqi minister of oil, his Excellency Dr. Hussein Al.shahristani with the presence of a high level Chinese delegation joined ministers and managers of Chinese companies in addition to the presence of the governor of (Wasit) state and the inspector general of the oil ministry and the general directors.

       During the celebration the ministry of oil of Iraq (north Oil Company) signed the final contract with the (Oasis) Chinese company CNPC to develop the Ahdab oil field which his Excellency Dr. Hussein Al.Shahristani said that it is one of the promising oil fields, with a value of three billion dollars as a media source said.

     During his speech Dr. Hussein Al.shahristani assured that the ministry of oil of Iraq is determined to increase the production through developing the oil fields and the contract with the Chinese company will increase the quantity of crude oil which will contribute in increasing the level of the products and the exports.

    And the contract with the Chinese company was to develop the Ahdab oil field totally to supply the (Wasit) electric station with oil which is about to be built in the same city and start producing the electric power by its first unit after three years. And the oil minister mentioned at the same time that the production capacity of the Ahdab oil field is predicted with (125 thousand) barrels per day and its first production capacity is about (25 thousand) barrels per day. At the same time his Excellency said that Iraq and the Chinese company has signed the contract in august/2008 as a primary contract and the Iraqi council of ministers ratified on it in September/2008.