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Iraqi Oil Minister Hayan Abdul Ghani announced that Iraq's oil reserves increased by 10 billion barrels and natural gas reserves increased by eight trillion cubic feet. The increase was discovered through a seismic survey near Basra, raising Iraq's proven crude oil reserves to around 155 billion barrels and proven natural gas reserves to about 140 trillion cubic feet. These figures are not yet officially recognized by OPEC, of which Iraq is a member.

Iraq’s crude oil reserves increase by 10 bln barrels: oil minister

Iraqi Oil Minister Hayan Abdul Ghani announced that Iraq’s oil reserves increased by 10 billion barrels and natural gas reserves increased by eight trillion cubic feet. The increase was discovered through a seismic survey near Basra, raising Iraq’s proven crude oil reserves to around 155 billion barrels and proven natural gas reserves to about 140 trillion cubic feet. These figures are not yet officially recognized by OPEC, of which Iraq is a member.

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