Iraq discovers 1bn barrels of oil
- Iraq: Monday, January 21 - 2013 at 04:31
Iraqi oil ministry has announced the discovery of crude deposits equivalent to one billion barrels of oil after the first exploration work by state-owned firms in almost 30 years, AFP has reported. 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 the country's already substantial reserves. "The initial assessment from this discovery is about one billion barrels of oil," spokesman for the oil ministry, Assem Jihad, told the news service, adding: "It will increase production capacity for (state-owned) Maysan Oil Co."
- Saudia told to enhance services
- Qatar Solar acquire 29% share in Germany's...
- Emirates to boost Jeddah, Madinah flights...
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by Mediaquest FZ LLC and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
Mediaquest FZ LLC can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of Mediaquest FZ LLC.
In no event shall Mediaquest FZ LLC be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.