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Iraq Ministry of Oil Announces Discovery of Additional Oil Reserves

Russia’s Lukoil and the Japanese operator INPEX discovered the additional reserves


The Ministry of Oil in Iraq has announced discovery of large deposits of oil in Basra’s 10th exploration area and will be combined with the already 10 billion barrels of Iraqi crude reserves that have already been found. 

The Exploration Minister for the Ministry of Oil, Mr. Kareem Hatab also said Russia’s Lukoil and the Japanese operator INPEX discovered the additional reserves. The average daily flow of oil is more than 1000 cubic meters. 

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