Iraq occupies 3rd position in world oil reserves

Baghdad (IraqiNews.com) Iraq announced rising oil reserves to reach (150) billion barrels. The Minister of Oil, Abdul Karim Laibi, reported a in press statement received by IraqiNews.com that “The Iraq oil reserves increased from (143,1) billion barrels to reach (150) billion barrels after a new study for productive oil wells in Dema oil field.”

According to the BB statistic report for the global energy sector Iraq occupies the third position on OPEC in terms of oil reserves after the Kingdom of Saudi Arabia and Iran.