Iraq plans Offshore Oil and Gas Exploration

By John Lee.

Iraqi oil minister Jabar Ali al-Luaibi [Allibi] has directed the Iraqi Oil Exploration Company (OEC) to start exploring Iraq’s coastal waters for new oil and gas reserves.

Addressing an OEC conference, the Minister also emphasised the need to focus on areas bordering neighbouring countries.

Iraq recently declared an additional 10 billion barrels of oil reserves.

(Source: Ministry of Oil)

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