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The oil minister expects to add new quantities of "hydrocarbon" wealth to Iraq’s reserves


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“technical studies and geological research prepared by the specialized team indicated that there are large areas in the western region, as well as the central and southern governorates of Iraq that include hydrocarbon structures The promising opportunities for investment contribute to adding new large quantities to the size of the oil reserves and then to the reserves of hydrocarbon wealth (oil and gas) and new promising areas will enter the traditional production system. "


More reasons for an stronger dinar.

Go iraq

Go oil reserves 

Go oil production 

Go HCL 

Go RV

Go $1:1.19

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“technical studies and geological research prepared by the specialized team indicated that there are large areas in the western region, as well as the central and southern governorates of Iraq that in

The oil minister expects to add new quantities of "hydrocarbon" wealth to Iraq’s reserves By ahad5 21/12/2019 03:59 PM | Views: 26 Al-Ahed News- Baghdad Deputy Prime

Here is an idea how about passing the hydrocarbon law/wealth for the citizens first.  Good morning Yota and thanks  

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Editing Date: 12/21/2019 15:50  159 times read
Oil Minister: Expectations to add new quantities to the size of the oil and gas reserves and reserves
{Baghdad: Al Furat News} The Deputy Prime Minister for Energy and Oil Minister Thamer Abbas Al-Ghadban expected, on Saturday, to add new quantities of hydrocarbon wealth {oil, gas} to Iraq’s stock and reserves during the coming period.
This came during his presidency of a specialized technical meeting for the team assigned to the Petroleum Exploration Company and the Department of Reserves and Field Development at the Ministry’s Center to prepare studies and technical surveys for new sites throughout the country, with the aim of updating information related to the size of the oil reserves and reserves, as well as identifying new sites in order to develop appropriate plans for exploration Development and optimal investment for it.
Al-Ghadban said in a statement that he received {Al Furat News} a copy of it, that “technical studies and geological research prepared by the specialized team have indicated the presence of large areas in the western region, as well as the central and southern governorates of Iraq that include hydrocarbon structures and promising opportunities for investment contribute to adding large quantities New to the size of the oil reserves and then to the reserves of hydrocarbon wealth {oil, gas} ”.
He added: "New promising regions will enter the traditional production system, which requires us to update the numbers related to the size of oil reserves and reserves. The Ministry will announce this after the completion of the preparation and collection of information related to this matter, and this is what makes Iraq occupy an advanced position in the global classification."
For his part, the ministry’s spokesman, Assem Jihad, said, “Through his interest in the oil exploration sector and his importance in maximizing oil and gas reserves, which is estimated at more than 112 billion barrels and reserves that exceed 143 billion barrels, he was instructed earlier to The formation of a specialized technical committee working to update the information related to oil and gas wealth in order to develop appropriate future plans, and the studies of the assigned team have achieved fruitful results that represent a new addition in defining solid technical paths and a road map towards the optimal investment of the country's wealth. "
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1 hour ago, Rochester said:

Saddam did not allow new geophysical surveys with modern equipment. It's been a very long time since a proper survey was done. I've never believed the low estimates on Iraq's oil wealth. They may have more oil than Saudi Arabia. 

Saddam former oil minister has stated oil reserves at over 360 billion barrels more than anyone in the world all I want is their rate to feel the their true oil wealth and value!

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1 hour ago, Rochester said:

Saddam did not allow new geophysical surveys with modern equipment. It's been a very long time since a proper survey was done. I've never believed the low estimates on Iraq's oil wealth. They may have more oil than Saudi Arabia. 

They do and it’s fact

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Oil: forecasts of increased inventory and reserves

 
Baghdad / Al-Sabah
 
 
Deputy Prime Minister for Energy and Oil Minister Thamer Abbas Al-Ghadban expected, on Saturday, to add new quantities of hydrocarbon wealth (oil, gas) to Iraq’s stock and reserves during the coming period.
A statement of the Ministry of Oil received by Al-Sabah said that this came during the Minister Al-Ghadban’s presidency of a specialized technical meeting for the team assigned to the Petroleum Exploration Company and the Department of Reserves and Field Development at the Ministry’s center to prepare studies and technical surveys for new sites throughout the country, with the aim of updating information related to the size of the stock and reserves Oil, as well as identifying new sites in order to develop appropriate plans for exploration, development and optimal investment for them. "
The statement quoted the Minister of Oil as saying: "Technical studies and geological research prepared by the specialized team have indicated the presence of large areas in the western region, as well as the central and southern governorates of Iraq that include hydrocarbon structures and promising opportunities for investment contribute to adding new large quantities to the size of the oil reserve." And then to the reserves of hydrocarbon wealth (oil and gas) and new promising areas will enter the traditional production system. "
For his part, the ministry’s spokesman, Assem Jihad, said, “Through his interest in the oil exploration sector and his importance in maximizing oil and gas reserves, which is estimated at more than 112 billion barrels and reserves that exceed 143 billion barrels, he was instructed earlier. To form a specialized technical committee working to update the information related to oil and gas wealth in order to develop appropriate future plans, and the studies of the assigned team have achieved fruitful results that represent a new addition in defining solid technical paths and a road map towards the optimal investment of the country's wealth. "
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