The Qayyarah or Qayara subdistrict is part of Mosul District in southern Nineveh Governorate on the west bank of Tigris river in Iraq. Its seat is the town of Qayyarah. The population in Qayyara subdistrict is primarily Sunni Muslim Arabs, belonging to various tribes, but primarily the Jubur or Jabur. Agriculture is the main source of income, and farmers grow various crops including wheat and watermelons. Qayyarah is rich with natural resources, including oil and sulphur.The name of the subdistrict derives from the Arabic word for tar.In June 2014, the subdistrict of Qayyara fell to the Islamic State of Iraq and the Levant.Qayyarah oil fieldQayyara Oil field in Qayyara subdistrict holds 800 million barrels of estimated reserves. The field was explored by British Oil development company in 1927, and production commenced during 1930s. Extracted oil is very heavy sour crude (API gravity 15°) therefore the production was in small quantities.In 2010, the Angolan firm Sonangol agreed with the Iraqi government to develop Qayyara oil field as a joint venture with state-owned North Oil Company. Shares of the consortium divided between 75% shares for Sonangol, and the remaining 25% for Iraq. according to the deal Sonangol would invest $2 billion in return of $5 per barrel. Also, under the terms of the contract, Sonangol will raise the production to 120,000 barrels per day.
Tags : #City, #ShoppingDistrict
Location :
Gayara