Free Zones Dept to establish free zone for oil projects at Khor al-Zubair

free zones dept to establish free zone for oil projects at khor al zubair Free Zones Dept to establish free zone for oil projects at Khor al Zubair

Baghdad (IraqiNews.com) The General Authority for Free Zones associated to the Ministry of Finance concluded a contract with a local company to establish oil exchange area among the international companies and the local ones in Basra province at a land piece of 4600 acres.

The Director of the Authority, Sabah Salih al-Qaisi said “The Free Zones Dept signed a contract with Basra Company to erect a free zone to be devoted for the oil projects in Khor al-Zubair district of Basra.”

He referred that “The Iraqi Government started procedures to coordinate with Iran, Jordon, Turkey and Syria to turn the common commercial exchange areas into free zones.”

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