Too early to probable oil reserves in 9th investment area in Basra, Kuwait Energy
BASRA/ Aswat al-Iraq: Kuwait Energy announced that there is probable oil in the 9th investment area, which shall be signed by the end of this month.
CEO of the company Sara Akbar told Aswat al-Iraq that "it is early to talk about the present reserves in this area".
Iraqi oil ministry announced on 10 January, 2013, that the final signature will be held at the end of this month, which is the last in the fourth oil bid.
She added that the investments will reach to $90 million and the Iraqi government will receive $25 million as un-refundable donation.