Iraq owns 8% of the world's oil reserves, about 145 billion barrels
Increase in oil production
8 hours ago
Iraq is conducting continuous oil exploration operations on vast areas of the country, to be invested in developing the oil sector, as part of government plans aimed at increasing the volume of exports in the future, to strengthen the country's economy.
The Iraqi Drilling Company, affiliated to the Ministry of Oil, announced that it had started drilling work for the first well within the project to drill 20 oil wells in this Nasiriyah oil field.
Iraq has oil reserves of about 145 billion barrels, equivalent to 17% of the reserves of the Middle East, and 8% of the global reserves. It is the fifth largest in the world