Anger: the potential oil reserves in Iraq up to 214 billion barrels

Anger: the potential oil reserves in Iraq up to 214 billion barrels

Sunday June 17, 2012

BAGHDAD – and babysit – confirmed the Council of Ministers that the oil reserves possible in Iraq, up to 214 billion barrels, and among the discoveries of new gas will enable the provision of fuel for electricity and enhance the capacity of Iraq because the country a source of gas, he noted that success rates in those fields exploration up to 70%.
The head of the advisory board Thamer Ghadban in the Council in a press statement that “the potential oil reserves in the country up to 214 billion barrels, as Iraq has very great potential in the field of oil and gas exploration in the future.”

The Anger that “Iraq is seeking to convert the reserves potential reserves are installed through the exploration activity of the oil and gas fields,” noting that “the exploration activity in Iraq has stopped since 1993 after the drilling of Iraq well crutch number one, which is the last well, since the time. ”

The Anger that “new discoveries in the oil fields will support Iraq’s oil reserves for the high rates for long periods, which will impact on Iraq’s position in OPEC,” pointing out that “the gas discoveries of gas production will enable the provision of fuel for electricity and feed industries, petrochemical and fertilizer, in addition to strengthen the capacity of Iraq because the country is a source of gas to neighboring countries and Europe. ”

He Ghadhban that “the success rates in the fields exploratory oil and gas in Iraq and in a form that achieves productive trade up to 70%,” explaining that “oil companies are well aware of the rates of success, especially with the presence of the promises the possibility of development of these fields exploratory then by the companies themselves,” .
Source: alrayy