Iraq may have twice as much oil as thought

No Gravatar

FT.com / In depth - Iraq may hold twice as much oil: “Iraq could hold almost twice as much oil in its reserves as had been thought, according to the most comprehensive independent study of its resources since the US-led invasion in 2003.
The potential presence of a further 100bn barrels in the western desert highlights the opportunity for Iraq to be one of the world’s biggest oil suppliers, and its attractions for international oil companies – if the conflict in the country can be resolved.
If confirmed, it would raise Iraq from the world’s third largest source of oil reserves with 116bn barrels to second place, behind Saudi Arabia and overtaking Iran.”

Babylon will be rebuilt and have great wealth.

Share and Enjoy:
  • Digg
  • Technorati
  • del.icio.us
  • StumbleUpon
  • Reddit
  • Fark
  • Slashdot
  • E-mail this story to a friend!
  • Facebook
  • Google
  • YahooMyWeb
  • MySpace
Tags: Babylon, Iran
POST SUMMARY
Date posted: Thursday, April 19th, 2007 12:41 pm | Under category: Babylon, Iran
RSS 2.0 | Comment | Trackback

Leave a Comment

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.