Iraq has 200b Barrels Oil Reserves – Shahristani

Iraq’s Deputy Prime Minister for Energy Affairs, Hussein al-Shahristani, has said that Iraq has oil reserves of 200 billion barrels, according to Aswat al-Iraq.

This would place Iraq in third place in the worldwide rankings of oil reserves.

While the officially-announced oil reserves are 143 billion barrels, the report says that this does not include the Kurdistan Region and the western areas of the country.

Shahristany said that “70% of Iraq’s oil reserves exists in 7 oil fields in southern Iraq,” expecting that “the Iraqi oil production would reach 3 million barrels per day (bpd) by the end of the current year.”

(Source: Aswat al-Iraq)

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