عربي English Türkçe اردو فارسى
Logo
Latest News
Business

Iraq Discovers New Oil Wells in Anbar

A view shows Iraq's Majnoon oil field near Basra, Iraq, March 27, 2022. (Reuters)
A view shows Iraq's Majnoon oil field near Basra, Iraq, March 27, 2022. (Reuters)
TT
TT

Iraq Discovers New Oil Wells in Anbar

A view shows Iraq's Majnoon oil field near Basra, Iraq, March 27, 2022. (Reuters)
A view shows Iraq's Majnoon oil field near Basra, Iraq, March 27, 2022. (Reuters)

Iraqi governor Ali Farhan revealed on Wednesday the discovery of new oil wells in the Anbar province.

Farhan noted that the wells were discovered in Nukhayb and Tharthar regions, without specifying their output capacity.

In statements to Iraqi News Agency (INA), Farhan said the local government in Anbar worked to prepare the atmosphere for oil exploration.

He said he hopes that "the Ministry of Oil will take steps to complete oil explorations after canceling the contract with the Korean company."

"The local government is following up the exploration plan with the Ministry of Oil and Saudi-American companies in partnership," noting that "many new oil wells have been discovered in Nukhayb and Tharthar."

"The province contains large quantities of gas of an important quality," he added.

Most Viewed

 
 
Business

Saudi ROSHN Group Reveals Rebranding

A ROSHN project in Saudi Arabia (ROSHN website)
A ROSHN project in Saudi Arabia (ROSHN website)
TT
TT

Saudi ROSHN Group Reveals Rebranding

A ROSHN project in Saudi Arabia (ROSHN website)
A ROSHN project in Saudi Arabia (ROSHN website)

ROSHN Group, a pioneering real estate developer backed by Saudi Arabia’s Public Investment Fund, has introduced on Sunday a new identity and strategic focus that expands its remit to include asset classes beyond its core residential offering.
This transformation into a multi-asset developer cements ROSHN's status as a trailblazer in the real estate sector and sets the stage for an innovative approach to developing mixed-use projects and multi-asset destinations, the Group said in a statement.
It said the launch of ROSHN Group’s fresh visual identity signifies a milestone in its commitment to broadening its real estate portfolio and establishing integrated destinations that cater to society’s diverse needs.
The new portfolio will encompass ROSHN’s core asset classes of 200 million square meters of residential property, alongside over four million square meters of gross leasable area across retail, commercial, and hospitality sectors.
Its enabling assets will include education, mosques, and healthcare, while opportunity assets span transport and logistics, including warehouses, industrial parks, and knowledge hubs, as well as leisure and entertainment, ranging from entertainment centers to fitness hubs.
These projects will showcase an exceptional diversity of assets, creating investment opportunities, elevating living standards, and driving economic growth, the Group said.
“Our growing portfolio now seamlessly integrates forward-thinking amenities and elevated connectivity, fostering opportunities for commercial partnerships, job creation, investment, and economic growth in alignment with Saudi Vision 2030,” said Chief Marketing and Communication Officer Ghada Al Rumayan of ROSHN Group.
She added, “With our own evolution, this vision becomes even more tangible as we introduce our expanded approach and dedication to improving quality of life through iconic new destinations across the Kingdom.”
Al Rumayan said that ROSHN takes pride in its role as a leading real estate developer in the Kingdom with a vision to transform urban living.