Iraq's oil reserves increase to 153 bln barrels, oil minister says
Iraq's oil reserves have increased to 153 billion barrels, from a previous estimate of 143 billion barrels, Oil Minister Jabal al-Luaibi said on Sunday.
Iraq's oil reserves have increased to 153 billion barrels, from a previous estimate of 143 billion barrels, Oil Minister Jabal al-Luaibi said on Sunday.
Iraq will ask the Organization of the Petroleum Exporting Countries to adopt the new figure as the official estimate for its reserves, he said in a statement.
The increased estimate is the result of appraisals and exploration carried out at seven oil fields in central and southern Iraq, he said.
(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)