The largest oil reserve was discovered in central Iraq
The largest oil reserve was discovered in central Iraq
2025/01/21
The Middle Oil Company, in cooperation with the Chinese company (EBS), announced the achievement of a major oil discovery in the East Baghdad South Field.
The company’s general manager, Mohammed Yassin Hassan, stated in a statement received by {Euphrates News} a copy of it that the main exploratory well testing operations in the East Baghdad field had achieved great success, as a highly productive oil flow of medium and light oil was obtained.
It is expected to add more than two billion barrels to Iraq’s oil reserves, making it the largest oil discovery in central Iraq.
The Director General pointed out that the initial tests of the well showed a daily production rate of up to 5,000 barrels of crude oil.
Yassin praised the fruitful cooperation between Iraqi engineers at the Middle Oil Company and their counterparts at the Chinese EBS Company, which resulted in precise planning and strict implementation of well testing procedures in areas within the oil field.
This discovery is of strategic importance as it adds to Iraq’s oil reserves, which rank fifth in the world in proven reserves. This achievement also enhances the production capabilities of Iraq, one of the founding and influential members of the Organization of the Petroleum Exporting Countries (OPEC), which supports its pivotal role in the global energy market.
alforatnews.iq
