(MENAFN) Iraqi Oil Minister Jabar al-Luaibi stated that Iraq's oil reserves have increased to 153 billion barrels after previous estimate of 143 billion barrels.
Also he said that Iraq will ask the Organization of the Petroleum Exporting Countries to adopt the new figure as the official estimate for its reserves.
Moreover, Iraq is developing oil reserves with the help of foreign investments and companies, to make up for three and a half decades of conflict and international sanctions, starting with the 1980-1988 war against Iran.
MENAFN2002201700450000ID1095255901
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.