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Iraq maintains its fifth position on the list of countries with oil reserves DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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Iraq maintains its fifth position on the list of countries with oil reserves

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Iraq maintains its fifth position on the list of countries with oil reserves Empty Iraq maintains its fifth position on the list of countries with oil reserves

Post by claud39 on Tue Jun 18, 2019 7:24 am

Iraq maintains its fifth position on the list of countries with oil reserves




18/06/2019





Iraq maintains its fifth position on the list of countries with oil reserves 4431







Economy News Baghdad



BP said in its annual report on global energy trends that Iraq's oil reserves remained steady at 147.2 billion barrels in 2017 and 2018, ranking fifth in the list of countries with the largest proven oil reserves in the world. 

Saudi Arabia's proven oil reserves rose by the end of 2018, according to the BP report. The kingdom continues to narrow its gap with Venezuela, which has the world's largest proven reserves.He also pointed out that the proven reserves of the Kingdom witnessed a rise of 1.7 billion barrels during the period from the end of 2017 to the end of last year, while Venezuelan reserves increased by 500 million barrels only. 

According to the report, Saudi Arabia's proven reserves grew significantly from the end of 2008 to the end of 2017, rising from 264.1 billion barrels to 296 billion barrels, but the country's reserves almost doubled, increasing from 172.3 billion barrels to 302.8 billion barrels.





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