Deputy: Iraq ranks fourth globally in terms of oil reserves by more than 140 billion barrels

Posted: September 16, 2013 in Iraqi Dinar/Politics
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16-09-2013 12:39 PM
Baghdad (newsletter). Vice-Chairman of the Committee, said the Deputy of the Kurdistan blocs Coalition/Ahmed Faizullah, Neil Iraq ranked fourth on the world level in terms of its known oil reserves, with more than 140 billion barrels, and the proportion (11%), to the third place after exploring new oil fields.

He said Faizullah (News Agency): the International Energy Agency issued a report on oil reserves in the world, noted that Venezuela was ranked first with an estimated reserve (297) and 715 million barrels, and a percentage (23%).

He added that Saudi Arabia ranked second with an estimated reserve (265) billion (850) million, and the proportion (20%), while Iran ranked fourth with an estimated reserve (157) billion and 300 million barrels, (12.4%).

He noted that Iraq ranked fourth worldwide reserves stood at 140 billion and 300 million barrels, and the proportion (11%), while Kuwait was ranked fifth with an estimated reserve (101) billion and 500 million barrels, and the proportion (8%), while the UAE ranked sixth with estimated reserve (97) billion and 800 million barrels, and the proportion (7%).

He continued that Russia was ranked seventh worldwide oil reserves reached 77 billion (403) million, and the proportion (6%), indicating that Libya was ranked eighth in reserve (48) billion (472) million and (3,8%), Nigeria has ranked ninth with an estimated reserve of 37 billion (139) million and (2.9%) and Qatar ranked tenth with reserve (25) billion (244) million, while the United States oil reserves stood at 23 billion dollars (267) million Barrels.

Explained: that Iraq is a good salary relative to the world, and the top is unlikely because there is a large difference in the three top reserves

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