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Iraq Discovered Another Billion Barrels Of Oil It Had No Idea Existed
Iraq said on Sunday it has discovered deposits of crude equivalent to one billion barrels of oil after the first exploration work by state-owned firms in almost 30 years.
The deposits were found after exploration in Maysan province, in southern Iraq near the border with Iran, and could potentially make a significant addition to Baghdad's already substantial reserves.
"Exploration began in Maysan, south of (provincial capital) Amara" last year, oil ministry spokesman Assem Jihad told AFP.
"Today, it completed 100 percent and achieved a big success.
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Iraq said on Sunday it has discovered deposits of crude equivalent to one billion barrels of oil after the first exploration work by state-owned firms in almost 30 years.
The deposits were found after exploration in Maysan province, in southern Iraq near the border with Iran, and could potentially make a significant addition to Baghdad's already substantial reserves.
"Exploration began in Maysan, south of (provincial capital) Amara" last year, oil ministry spokesman Assem Jihad told AFP.
"Today, it completed 100 percent and achieved a big success.
[You must be registered and logged in to see this link.]
