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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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REPORT: IRAQ OWNS 20% OF ARAB OIL RESERVES

rocky
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REPORT: IRAQ OWNS 20% OF ARAB OIL RESERVES Empty REPORT: IRAQ OWNS 20% OF ARAB OIL RESERVES

Post by rocky Tue 18 Jan 2022, 6:25 am

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REPORT: IRAQ OWNS 20% OF ARAB OIL RESERVES
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The Arab Monetary Fund announced that Iraq's share of the proven Arab oil reserves is 20.7%, indicating that the reserves of the Arab countries constituted 55.7 percent of the world's reserves of crude oil.
The Fund mentioned in the Unified Arab Economic Report; 92.7 percent of the Arab proven crude oil reserves are concentrated in 5 Arab countries, namely Saudi Arabia, which accounted for a share of 37.3 percent of the total reserves of Arab countries, followed by Iraq with 20.7%, Kuwait 14.2%, the UAE 13.7 percent, and Libya 6.8 percent.
He added, "The reserves of the Arab countries constituted 55.7 percent of the world's crude oil reserves, while the reserves of the non-Arab OPEC countries constituted 23.5 percent, the reserves of the Commonwealth countries constituted 9.3 percent, and the percentage of proven oil reserves in North America was 6.3 percent. The reserve ratio in the North Sea is 0.8 percent, and in other countries it is 4.4 percent.
According to the report, "estimates of proven oil reserves at the global level slightly increased in 2021, to reach 1284.3 billion barrels, an increase of 2.6 percent compared to the levels of the previous year, and for the Arab countries, the estimates stabilized at the same level achieved at the end of the previous year, which is 715.8 billion barrels. ".
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