Iraq falls to fifth in the world oil reserves behind Kuwait, Saudi Arabia and the United Arab Emirates
Iraq falls to fifth in the world oil reserves behind Kuwait, Saudi Arabia and the United Arab Emirates
5/5/13
BAGHDAD / JD / .. Said a new international report on global oil reserves that Iraq ranked 5 solution within the 10 states with the highest stock, came first in the Kingdom of Saudi Arabia.
According to the report, seen by Agency / JD /: 4 Arab countries of existing Samn, namely Kuwait, Saudi Arabia and the United Arab Emirates and Iraq.
10 prize has been solved Nigeria Banaati the oil up to 37 billion barrels, followed by Libya in the ranking 9 Banaati up to 46 billion barrels.
While Russia came in the standings 8 Banaati up to 60 billion barrels, ranking seventh solved United Arab Emirates, which has reserves estimated at 98 billion barrels.
In the sixth, Kuwait has replaced about 104 billion barrels, Iraq preceded the fifth order of a stock of up to 115 billion barrels. This indicator is a retreat from what was stated that Iraq ranks second in the world oil reserves.
In fourth place came Iran Banaati of up to 137 billion barrels, Canada has also solved the third in the standings with 175 billion barrels.
The report noted that Venezuela dissolved in second place globally around 211 billion barrels, while Saudi Arabia came first prize Banaati up to 263 billion barrels.
The Ministry of Oil has announced the rise of Iraq’s undiscovered oil reserves to 150 billion barrels, an increase estimated at ten billion barrels of what was known in the past.
The ministry pointed out that this increase was the result of the activity and oil licensing rounds carried out by the Ministry of Oil during the past two years.
dananernews.com
