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Oil Ministry announces new oil find in southern Iraq

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Fast Eddie


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Baghdad - The Oil Ministry announced on Wednesday the finding of a new oil field in Missan province that is described as the biggest achivement in 30 years.

Iraqi Oil Minister Abdul Kareem Luaibi told a press conference held in the ministry that "Iraqi Oil Company and the Southern Oil Company have been able to make a big achievement... by finding oil in al-Dima field in Missan province [south east of Baghdad bordering Iran] though the ministry did not expect the discovery of oil in the field"

Iraqi oil experts have been able to reach oil some 2,300 meters under the surface of the earth in the new field, according to Luaibi. "They are now working on estimating the size of the oil reserve in the field before pumping is started"

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