Iraq has the fifth largest proven oil reserves in the world, estimated at 145 billion barrels, representing about 17% of ...
What was found?: Iraq discovered an 8.83 billion-barrel oil field in Najaf province’s al-Qarnain block, drilled by China’s Zhenhua Oil. Why it matters: The find could boost Iraq’s capacity and offer ...
BAGHDAD — Iraq is planning to start offshore oil and gas exploration to boost the OPEC nation’s reserves, Oil Minister Jabar Al-Luaibi said in a statement on Monday. Luaibi said he “gave guidance to ...
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