Abdul-Mahdi: Iraq’s oil reserves up to 200 billion barrels
Abdul-Mahdi: Iraq’s oil reserves up to 200 billion barrels
2.18.2015 9:30
{Baghdad: Euphrates News} Oil Minister Adel Abdul Mahdi, Iraq’s oil reserves upon completion of the exploration of oil and surveys will exceed 200 billion barrels in the third or fourth globally, “stressing” the need for Iraq to national policy to transform the oil and gas to drive sustainable economic development and overall, not to a single source for the economy. ”
Said Abdul-Mahdi said in a statement received by the agency {Euphrates News} a copy of it today that “Iraq has large reserves of natural gas, both its free and accompanying estimated at 132 trillion cubic feet, a record {Tscf} to occupy it ranked 12 globally,” expected that “complete with explorations will reserve certainly to 280 trillion standard cubic feet, the fifth largest in the world. ” He pointed out that “The oil ministry believes investments and joint cooperation, especially in the work of exploration, drilling and energy integration of Arab, regional and piping, and tanks and tankers, ports and refineries,” explaining that “investment is one of the ways to develop the economies of the country and absorb the many unemployed labor which, in turn Iraq national companies to companies with the potential and capabilities of technological and scientific levels and global standards “.anthy
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