Iraq's Oil Reserves Increased To Nearly 6 Billion Barrels, 11 SEPT

 Iraq's Oil Reserves Increased To Nearly 6 Billion Barrels

Iraqi Oil Minister Hayyan Abdul Ghani confirmed on Sunday that Iraq’s oil reserves had risen to 6 billion barrels.

This came in a speech he delivered during the launch of the activities of the first Iraqi conference and exhibition for oil projects and licensing rounds in the field of oil and gas, which lasts for 3 days in the capital, Baghdad.

Abdul Ghani said in his speech that, in order to dedicate the pioneering role of the Ministry of Oil in providing the necessary and basic resources to finance the Iraqi state budget, and supporting these resources with strategic projects that double the financial return and provide various opportunities in all sectors,

This vital ministry has gone to sponsor and support exhibitions and conferences that serve In the interest of the Iraqi economy, providing large financial resources to support the Iraqi state budget directly and indirectly and providing areas for developing the local industry in the field of oil and petrochemicals, refineries and other necessary projects.

Abdul-Ghani also pointed out that “wherever there is oil and gas, the local economy will develop, and the Ministry hopes that specialized international companies will participate in these promising rounds and contribute to gas investment projects in order to achieve self-sufficiency for this vital material and export its surplus abroad.”   https://www.radionawa.com/all-detail.aspx?jimare=35631