Largest oil storage discovered in central Iraq, 20 JAN

 Largest oil storage discovered in central Iraq

Al-Wasat Oil Company, in cooperation with the Chinese company (EBS), announced the achievement of a major oil discovery in the southern East Baghdad field.

The company’s general manager, Mohammed Yassin Hassan, said in a statement received by {Al-Furat News} that the main exploratory well test operations in the East Baghdad field have achieved great success, as a high-yield oil flow of medium and light oil was obtained.

He 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 pointed out that the 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 of the Central Oil Company and their counterparts in the Chinese company EBS, which resulted in careful planning and the careful implementation of well testing procedures in areas within the oil field.

This discovery gains strategic importance as it adds to Iraq’s oil balance, which ranks fifth in the world in proven reserves. This achievement also enhances the productive capacities of Iraq, one of the founding and influential members of the Organization of the Petroleum Exporting Countries (OPEC), which supports its pivotal role in the global energy market.

https://alforatnews.iq/news/اكتشاف-أكبر-خزين-نفطي-في-وسط-العراق