Iraq said it has discovered deposits of crude equivalent to one billion barrels of oil after the first exploration work by state-owned firms in almost 30 years.
The deposits were found after exploration in Maysan province, in southern Iraq near the border with Iran, and could potentially make a significant addition to Baghdad’s already substantial reserves.
“Exploration began in Maysan, south of (provincial capital) Amara” last year, oil ministry spokesman Assem Jihad told AFP.
Khaleej Times
21 January
