Iraq MoO Allocates $600,000,000 for Thi Qar Province

Ministry of Oil allocated for Thi Qar province six hundred million dollars for rebuilding its infrastructure in preparation of the International companies entry.

 In a letter addressing Thi Qar provincial counsel; one of the province's MPs mentioned that the Iraqi oil ministry and by the Iraqi PM directions allocated $600,000,000 to Thi Qar to help hasting its reconstruction within the next 7 years.

These funds will be used to improve the province's long forgotten projects like, electricity, sewerage, water, hospitals, bridges and roads, it will also be used to provide tourism facilities and hotels in preparation for the Nasiriya Integrated Project.

The Al-Nasiriya Integrated Project consists of the development of the 4+ billion barrel Nasiriya oil field in Thi-Qar province together with the construction and operation of a new 300,000 barrel per day refinery in addition to a large oil camp.

The Iraqi central and local governments expect that the project will draw major IOC, MRO and supporting companies to work in the province which will need a strong base of infrastructure.

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