59954
Iraq Oil Reserves Increase
Iraq Oil Reserves Increase

Iraq Oil Reserves Increase

Iraq Oil Reserves Increase

Iraq's oil reserves have increased to 153 billion barrels, from a previous estimate of 143 billion barrels, Oil Minister Jabal al-Luaibi said on Sunday. Iraq will ask the Organization of Petroleum Exporting Countries to adopt the new figure as the official estimate for its reserves, he also said in a statement, Reuters reported. The increased estimate is the result of appraisals and exploration carried out at seven oil fields in central and southern Iraq, he said. The minister has urged oil and natural gas producers operating in the country to continue increasing output. Foreign companies' oil output targets "should be reached within the assigned periods," the ministry quoted Luaibi as saying. The ministry also aims to increase gas output by adding 350 to 450 million cubic feet a day to the nation's production in 2017, Luaibi said. Natural gas output levels in Iraq's southern region are tied to crude production levels as the two are produced from the same reservoirs.

 

Short URL : https://goo.gl/yWHX5p
  1. https://goo.gl/kbW8qF
  • https://goo.gl/sH7sYk
  • https://goo.gl/DUSM8C
  • https://goo.gl/1rGBB1
  • https://goo.gl/iJQIlc

You can also read ...

BP: Electric Vehicles to Cut Oil Consumption
The emergence of self-driving electric cars and travel sharing...
OPEC Deal Closer to Market Rebalancing
The OPEC deal is closer than ever to meeting its market...
Brent, WTI Prices Slide Over Higher US Production
Oil prices fell on Wednesday, weighed down by a rebound in the...
SP Phases 17-18  Output Increases
Major overhaul operations in phases 17 and 18 of the giant...
The lion's share of petrochemical exports is bound for China, India and South Korea.
Boosting the country's petrochemical revenues entails...
NISOC in Close Cooperation With Domestic Academic Centers
National Iranian South Oil Company can implement complicated...
Special Devices for Gas Regulating Stations
Some 150 natural gas pressure regulating stations have been...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus