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SOMO.. Iraq's oil reserves are enough for 80 years
Wednesday, August 17, 2022 at 17:17 pm (140 views)
Sky Press
The director of the National Oil Marketing Company (SOMO), revealed that Iraq's reserves are sufficient for 80 years and we export to 3 global markets.
Iraq's oil reserves are the fifth in the world and constitute (8.7%) of the world's reserves and 17% of the reserves of the Middle East.
He added that the proven oil reserves in Iraq, according to the statistical report of the Organization (OPEC) for the years (2016-2020), (148.4) billion barrels, and according to OPEC estimates for the year 2021, they amounted to (145.019) billion barrels.
Also, Iraq exports its oil to three global markets (Asian, European and American), and
the most prominent and demanded is the Asian, as we export to it by more than 70%.
SOMO.. Iraq's oil reserves are enough for 80 years
Wednesday, August 17, 2022 at 17:17 pm (140 views)
Sky Press
The director of the National Oil Marketing Company (SOMO), revealed that Iraq's reserves are sufficient for 80 years and we export to 3 global markets.
Iraq's oil reserves are the fifth in the world and constitute (8.7%) of the world's reserves and 17% of the reserves of the Middle East.
He added that the proven oil reserves in Iraq, according to the statistical report of the Organization (OPEC) for the years (2016-2020), (148.4) billion barrels, and according to OPEC estimates for the year 2021, they amounted to (145.019) billion barrels.
Also, Iraq exports its oil to three global markets (Asian, European and American), and
the most prominent and demanded is the Asian, as we export to it by more than 70%.
