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Investors Iraq News
02-24-2015, 08:00 PM
Iraq Energy Profile: Has Fifth Largest Proved Crude Oil Reserves In World – Analysis

Iraq was the second-largest crude oil producer in the Organization of the Petroleum Exporting Countries (OPEC) in 2014, and it holds the world’s fifth largest proved crude oil reserves after Venezuela, Saudi Arabia, Canada, and Iran. Most of Iraq’s major known fields are producing or in development, though much of its known hydrocarbon resources have not been fully exploited. All of Iraq’s known oil fields are onshore and the largest fields in the south have relatively low extraction costs owing to uncompli

Source: IraqDirectory.com (http://iraqdirectory.com/en/2015/02/05/29144/iraq-energy-profile-has-fifth-largest-proved-crude-oil-reserves-in-world-analysis.aspx)

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