Iraq .. Discovery Of The Largest Oil Storage In The Center Of The Country With Two Billion Barrels
Economy Iraq Breaking Oil 2025-01-20 Shafaq News/ The Central Oil Company, in cooperation with the Chinese company (EBS), announced the achievement of a major oil discovery in the southern East Baghdad field. The general manager of the company, Eng. Mohamed Yassin Hassan, stated in a statement received by Shafaq News.
The main exploratory well tests in the eastern Baghdad field have achieved great success, as a highly productive oil flow of medium and light oil was obtained. It is expected to add more than two billion barrels to Iraq's oil reserves, making it the largest oil discovery in central Iraq.
The Director-General indicated that initial tests of the well showed a daily production rate of up to 5,000 barrels of crude oil. Yassin praised the fruitful cooperation between the Iraqi engineers at the Central Oil Company and their counterparts at the Chinese company EBS, which resulted in careful planning and strict implementation of well testing procedures in the areas located within the oil field.
This discovery acquires a strategic importance, as it is added to the oil balance of Iraq, which ranks fifth globally in confirmed reserves.
This achievement also comes to enhance the productive capabilities of Iraq, one of the founding and influential members of the Organization of Petroleum Exporting Countries (OPEC), which supports its pivotal role in the global energy market.
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