Iraq Hit Oil Again

[Man_Kind]

Iraq Hit Oil Again...

Iraq Discovered Another Billion Barrels Of Oil It Had No Idea Existed

Iraq said on Sunday it has discovered deposits of crude equivalent to one billion barrels of oil after the first exploration work by state-owned firms in almost 30 years.

The deposits were found after exploration in Maysan province, in southern Iraq near the border with Iran, and could potentially make a significant addition to Baghdad's already substantial reserves.

"Exploration began in Maysan, south of (provincial capital) Amara" last year, oil ministry spokesman Assem Jihad told AFP.

"Today, it completed 100 percent and achieved a big success.

Oil Reserves in Iraq-The Largest In The World

Oil reserves in Iraq will be the largest in the world according to recent geological surveys and seismic data. The Iraqi government has stated that new exploration showed Iraq has the world’s largest proven oil reserves, with more than 350 billion barrels.

International geologists and consultants have estimated that unexplored territory may contain vastly larger reserves.

A measure of the uncertainty about Iraq's oil reserves is indicated by the fact that the U.S. Department of Energy (DOE) estimated that Iraq had 112 billion barrels, whereas the United States Geological Survey (USGS) estimated it was closer to 78 Gbbl and Iraq's prewar deputy oil minister claimed it might have 300 Gbbl .

The Proof Is In Front Of You.

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Jeff Thompson

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www.Iraqidinar.net

[Iownya83]

Yup got the same email for Jeff myself.

[gregp]

Thank you. This was posted over a week ago. But thank you very much.

[shabbadude]

Old news, but good news!