4/12/2012 3:06 PM

BAGHDAD / Aswat al-Iraq: An oilfield in eastern Baghdad is being development, according to official spokesperson of the oil ministry, noting that the current production capacity reaches 10,000 barrels daily.

"The East Baghdad oilfield is the biggest in Iraq and Iraqi and Jordanian companies are drilling wells in it," Essam Jihad told Aswat al-Iraq news agency, noting that the oilfield was available in the second round of licenses but no company offered to develop it.

"The ministry has mapped out a plan to develop it and signed a contract with an Iraqi drilling company to drill six wells, in addition to signing another deal with a Jordanian company to drill seven more wells," he added.

With over eight billion barrels of extractable oil, East Baghdad is what's known as a super-giant oil field.
There are only a few dozen oil fields of this size in the world, and even in this exclusive club East Baghdad is an exception: part of the field lies under the city of Baghdad, with its 7 million residents - specifically, under the Shiite district of Sadr City in eastern Baghdad.

http://en.aswataliraq.info/%28S%284x...show&id=147994