Oil Minister: Expectations to add new quantities to the size of the oil and gas reserves and reserves

by **claud39** Sat Dec 21, 2019 9:36 am

[size=36]Oil Minister: Expectations to add new quantities to the size of the oil and gas reserves and reserves[/size]

21/12/2019

Baghdad - Mawazine News,

the Deputy Prime Minister for Energy and Oil Minister Thamer Abbas Al-Ghadban expected, on Saturday, to add new quantities of hydrocarbon wealth (oil, gas) to the stock and reserves of Iraq during the coming period.

This came during his presidency of a specialized technical meeting for the team assigned to the Petroleum Exploration Company and the Department of Reserves and Field Development at the Ministry’s Center to prepare studies and technical surveys for new sites throughout the country, with the aim of updating information related to the size of the oil reserves and reserves, as well as identifying new sites in order to develop appropriate plans for exploration Development and optimal investment for it.

Al-Ghadban said in a statement received by / Mawazine News / a copy of it, that "the technical studies and geological research prepared by the specialized team have indicated the presence of large areas in the western region, as well as the central and southern governorates of Iraq that include hydrocarbon structures and promising opportunities for investment contribute to adding large quantities New to the volume of oil reserves and then to the reserves of hydrocarbon wealth (oil, gas). "

He added: "New promising regions will enter the traditional production system, which requires us to update the numbers related to the size of oil reserves and reserves. The Ministry will announce this after the completion of the preparation and collection of information related to this matter, and this is what makes Iraq occupy an advanced position in the global classification."

For his part, the ministry’s spokesman, Assem Jihad, said, “Through his interest in the oil exploration sector and his importance in maximizing oil and gas reserves, which is estimated at more than 112 billion barrels and reserves that exceed 143 billion barrels, he was instructed earlier to The formation of a specialized technical committee working to update the information related to oil and gas wealth in order to develop appropriate future plans, and the studies of the assigned team have achieved fruitful results representing a new addition in defining solid technical paths and a road map towards the optimal investment of the country's wealth. ”End 29 / h

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