Dinar Iraq News
Urgent: Iraq's Oil Reserve reach 500 billion (b) barrels, official
1/20/2011 12:27 PM
BAGHDAD / Aswat al-Iraq: Iraq's oil reserves have reached about 500
billion (b) barrels till this date, Iraq's Oil Ministry's official
spokesman, Assem Jihad said on Thursday.
"The size of Iraq's oil reserves has reached about 500 billion (b)
barrels nowadays, whilst the previous oil reserves had reached 143
billion (b) barrels," Jihad told a press expertise workshop, organized
by the Italian News Agency, attended by Aswat al-Iraq news agency,
adding that the above increase represent the 64 oil fields only.
Jihad said that Iraq's daily oil output would reach 3 million barrels
per day (bpd), whilst the forthcoming few years shall witness its oil
production to reach 10 million bpd, thanks to the development licenses
signed between Iraq's Oil Ministry and the international oil companies,
specialized in oil production and development of oil industrial
institutions.
Source: http://en.aswataliraq.info/Default1.aspx?page=article_page&id=140620&l=1
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