Iraq Scores Its First Oil Find in Decades
By Mohammed Tawfeeq
Iraq’s state-owned oil exploration company has made the country’s first oil find in 30 years, an Oil Ministry spokesman said Monday.
The company found at least a billion barrels of crude under the ground in a southeastern province near the border with Iran, spokesman Assim Jihad said Monday.
The discovery in Maysan, about 350 kilometers (215 miles) south of Baghdad, is a “significant achievement” for the country, Jihad said.
Despite vast reserves and reliance on oil for government income, exploration in Iraq has been hindered by decades of conflict.
By posting your comment, you agree to abide by our Posting rules