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Iraq's oil reserves up to 150 billion barrels
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Baghdad, April 13 (Petra) - The Ministry of Oil in Iraq on Saturday, newly discovered oil reserves to 150 billion barrels, an increase of about ten billion barrels from the previous.
The ministry said that these increases are a result of the oil activity and licensing rounds carried out through its programs over the past two years.
Economists Waodh in Iraq, said this increase comes as part of the reserve is likely to reach more than 300 billion barrels, and that this will raise the matter of Iraq, both among OPEC countries or globally.
He predicted economic expert on behalf Anton that does not stop Iraq from exporting only, but work on the manufacturing, petrochemicals, explaining that the price of a barrel of oil plant will quadruple its price before industrialization, and that interest industry Petrochemical will contribute to the reduction of fuel imports and run the largest number of manpower.
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View images
Baghdad, April 13 (Petra) - The Ministry of Oil in Iraq on Saturday, newly discovered oil reserves to 150 billion barrels, an increase of about ten billion barrels from the previous.
The ministry said that these increases are a result of the oil activity and licensing rounds carried out through its programs over the past two years.
Economists Waodh in Iraq, said this increase comes as part of the reserve is likely to reach more than 300 billion barrels, and that this will raise the matter of Iraq, both among OPEC countries or globally.
He predicted economic expert on behalf Anton that does not stop Iraq from exporting only, but work on the manufacturing, petrochemicals, explaining that the price of a barrel of oil plant will quadruple its price before industrialization, and that interest industry Petrochemical will contribute to the reduction of fuel imports and run the largest number of manpower.
[You must be registered and logged in to see this link.]
