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Iraq's oil reserves rise to 153 billion barrels
09:59 - 22/11/2018
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Baghdad
The Ministry of Oil, on Thursday, doubled the size of the country's reserves to 153 billion barrels of oil after it was 135 billion barrels over the past two decades, while prepared a plan to promote the gas fields and raise production capacity.
"The ministry is continuing to implement its plan in the field of exploration of gas fields and raise production capacity for the need of Iraq to large quantities of gas in the operation of electric power stations," Undersecretary Fayadh Nima said in a statement published by the official newspaper "Sabah" The presence of promising fields in the regions of southern and western Iraq, the ministry seeks to invest them in the best manner. "
He added that "the broad participation of companies in friendly and sister countries in the field of exploration in this conference is only the first breakthrough to promote joint cooperation to promote the reality of exploration in the whole country and benefit from research and discussions to serve the oil industry, especially that Iraq is a pioneer in hydrocarbons, Great efforts and diligent work to be explored by specialized companies. "
He added that "the oil exploration company and since its establishment in the seventies of the last century has made great efforts through the seismic teams that covered the areas of Iraq in the exploration of bilateral and three-dimensional," noting that "the efforts of the company has successfully succeeded in doubling oil reserves from 135 billion barrels, barrel".
"The company has also succeeded in increasing its exploration teams to reach six teams and work on contracting with international companies to reach more accurate results, especially that the company uses the best scientific and technological means to address the data they get from seismic teams."Ending / 25
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