International company: Iraq's oil reserves are less than declared

[size=52]International company: Iraq's oil reserves are less than declared[/size]

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[size=45]The consultancy (Rystad Energy) confirmed that Iraq's reserves of crude oil are less than what the government announces, and that the world's extractable oil reserves have declined by 9.3%.[/size]
[size=45]The company stated in a report, that “the oil reserves that can be extracted are less than what is announced by governments, and less than what was announced by the British Oil Company in its last report, due to weak investments in previous years against the background of low oil prices and the outbreak of the Corona virus,” and explained that “oil reserves That can be extracted decreased by about 9.3%, compared to the estimates of last year 2020, it was 1.903 trillion barrels last year and has now decreased to 1.725 trillion barrels during 2021.[/size]
[size=45]And she indicated that “official figures previously indicated that the proven reserves of the OPEC countries amounted to 1.215 trillion barrels, while the real reserves amounted to 741 billion barrels,” noting that “the large differences in these reserves were concentrated in the countries of Iran, Iraq, the Emirates, Kuwait, Nigeria and Libya, while outside OPEC, the The big differences are concentrated in Canada and Russia.”[/size]
[size=45]According to the company's report, "the reserves that can be extracted in Iraq are 110 billion barrels, while the declared reserves of Iraq from the official authorities are 145 billion barrels."[/size]
[size=45]In Saudi Arabia, “the reserves that can be extracted are 288 billion barrels, while official estimates are 297.5 billion barrels. In Iran, its reserves are estimated at 101 billion barrels, while its official reserves are estimated at 157.8 billion barrels.”[/size]
[size=45]And she added, “The quantities that can be extracted from Kuwait’s oil reserves are 57 billion barrels, while official reserves indicate the presence of 101 billion barrels, and the UAE indicates that there are 71 billion barrels in its reserves, and its official reserves are 98 billion barrels, and these reserves in Venezuela drop to 44 billion barrels. of the official 304 billion barrels.[/size]
[size=45]In its report, the company stated that “global production of oil and natural gas liquids will drop to less than 50 million barrels per day by 2050. Exploration, development, processing and consumption of this amount of commercially recoverable oil will result in total greenhouse gas emissions of less than 450 gigatonnes of oil.” carbon dioxide from now until the year 2100».[/size]
[size=45]Rystad Energy is an independent energy research and business intelligence firm that provides data, tools, analytics and advisory services to the global energy industry.[/size]
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