Al-Sudani: Iraq’s oil reserves amount to 150 billion barrels and will supply the world for more than a century.
Al-Sudani: Iraq’s oil reserves amount to 150 billion barrels and will supply the world for more than a century.
2025-09-06 03:16
Shafaq News – Baghdad
Prime Minister Mohammed Shia al-Sudani announced on Saturday that Iraq’s oil reserves amount to approximately 150 billion barrels, indicating that the country could supply world markets with crude oil for more than a century.
In a speech he delivered at the launch of the Baghdad International Energy Forum, attended by a Shafaq News Agency correspondent, Al-Sudani said that Iraq has transformed, in just a few years, into an industrial and development field, with a thriving energy sector and an accelerating pace of reconstruction and development.
He added that Iraq’s oil reserves amount to 150 billion barrels, ranking it among the highest in the world.
Al-Sudani also pointed out that Iraqi oil will continue to supply global markets for at least 120 years, arguing that Iraq’s export share is not commensurate with the size of its reserves, production capacity, population size, provision of services, and ageing.
He expressed his hope that Iraq’s oil share would be reconsidered in line with actual capacity indicators, stressing openness to oil companies wishing to invest in oil and gas.
Since the beginning of the government’s work, the energy issue, the oil wealth, and the increase in its value were present, and it was necessary to deal with the oil wealth in terms of preparing a real infrastructure for oil production.
shafaq.com
