Iraq – Oil Ministry Raises Estimated Reserves

from Iraq-Business News..

April 16, 2013 (UPI)

Oil Ministry Raises Estimated Reserves

Iraq’s oil ministry is raising its estimate for the country’s proven oil reserves by nearly 5 percent, from 143 billion barrels to 150 billion barrels, according to a report fromUPI.

Oil Ministry spokesman Assem Jihad said the higher figures are the result of increased exploration over the past two years, adding that the revised estimates do not include the figures for Iraqi Kurdistan.

Arab News reports that the area under the control of the KRG contains 45 billion barrels.

Link to the article:


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s