Iraq total oil reserves
With 300,878 million barrels of proven reserves, Venezuela has the largest amount of proven oil reserves in the world. The country's oil is a relatively new discovery. Previously, Saudi Arabia had always held the number one position. Oil reserves in Iraq are considered the world’s fifth-largest proven oil reserves, with 140 billion barrels. [1] [2] The sources for this oil is primarily located in the Shiite Muslims-majority and Arab Sunni Muslims-dominated areas on the other hand are comparatively lacking. Iraq is home to 12% of the world's proven oil reserves, and has seen significant crude output improvement since driving out the Islamic State in late 2017. A worker walks at Nahr Bin Umar oil Total in Iraq; Total in Iraq . 09/10/2019. We have been active in Iraq for nearly a century, since the 1920s in oil and gas exploration and production. Today, we also market petroleum products and related services. We purchase crude oil in Iraq. We also buy and sell petroleum products. Join Us! Want to work in the energy industry? We Proved oil reserves in Iran, according to its government, rank fourth largest in the world at approximately as of 2013, although it ranks third if Canadian reserves of unconventional oil are excluded. This is roughly 10% of the world's total proven petroleum reserves. The total value of Iraq potential oil reserves at an average profit of $75 per barrel over next 100 years is 360 billion x $75 = $27 trillion or $900,000 per capita, making every Iraqi a millionaire. These calculations do not include natural gas revenue, lately about equal to oil revenue.
Apart from petroleum, Iraq's other natural resources include natural gas, phosphates and sulphur. Proven crude oil reserves (million barrels), 145,019.
4 Oct 2010 "Iraq's oil reserves which are extractable are 143.1 billion barrels," said Hussein al-Shahristani, Iraq's oil minister, based on data provided by 13 Apr 2005 With 115 billion barrels of proven crude oil reserves, Iraq has the world's second- largest endowment of oil, amounting to. 11% of the global total Iraq has the world's second largest proven oil reserves. Iraq has an estimated 115-billion barrels of crude-oil, which - at current prices - would be worth $9.5 4 Oct 2010 Some countries, including some OPEC members, are in fact reporting total oil reserves discovered instead of oil still to be extracted, several Iraq is estimated to hold more than 115 billion barrels of proven oil reserves, and possibly much more undiscovered oil in unexplored areas of the country. With 262 billion barrels, it has a quarter of the world's total proven reserves and is the single All in all, Iraq's oil wealth may well rival that of Saudi Arabia.8.
Gold Reserves in Iraq averaged 31.82 Tonnes from 2000 until 2019, reaching an all time high of 96.30 Tonnes in the fourth quarter of 2018 and a record low of 0 Tonnes in the second quarter of 2000. This page provides - Iraq Gold Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.
30 Jul 2013 Iraq's proven oil reserves have been estimated at 120 billion barrels and the Noori Al Maliki government is determined to double production to Proven oil reserves in Iraq (US EIA) A map of world oil reserves according to U.S. EIA, 2017 Oil reserves in Iraq are considered the world’s fifth-largest proven oil reserves, with 140 billion barrels. Oil Reserves in Iraq See also: List of countries by Oil Reserves Iraq holds 143,069,000,000 barrels of proven oil reserves as of 2016 , ranking 5th in the world and accounting for about 8.7% of the world's total oil reserves of 1,650,585,140,000 barrels. According to NIOC, Iran recoverable liquid hydrocarbon reserves at the end of 2006 was 138,4 billion barrels. Apart from these considerable reserves, from the outset of oil industry in Iran in 1908 to the end of 2007, Iran produced some 61 billion barrels of oil. Hence, according to the USGS, Iraq’s current proven reserves amount to only 78 bbl—only two-thirds of the DOE’s more commonly accepted 112 bbl estimate. When it comes to assessing Iraq’s Last year, Iraq updated the estimate for its proven reserves to 153 billion barrels from 143 billion barrels, but if Luaibi is right, the figure could actually be double the 2017 estimate. If the higher estimate proves true, it would make Iraq the largest oil-rich country in the world,
Proved oil reserves in Iran, according to its government, rank fourth largest in the world at approximately as of 2013, although it ranks third if Canadian reserves of unconventional oil are excluded. This is roughly 10% of the world's total proven petroleum reserves.
Oil Reserves in Iraq See also: List of countries by Oil Reserves Iraq holds 143,069,000,000 barrels of proven oil reserves as of 2016 , ranking 5th in the world and accounting for about 8.7% of the world's total oil reserves of 1,650,585,140,000 barrels. According to NIOC, Iran recoverable liquid hydrocarbon reserves at the end of 2006 was 138,4 billion barrels. Apart from these considerable reserves, from the outset of oil industry in Iran in 1908 to the end of 2007, Iran produced some 61 billion barrels of oil.
With Kirkuk, the oil reserves under Kurdish control grew from 6 percent to 20 percent of Iraq's total. In 2016, the Kurds pumped 544,600 barrels per day—12
24 Nov 2018 But even with the many oil reserves, only a fraction is being exploited. With these fields now fully developed, the total Iraq oil product has 4 Oct 2010 Iraq raises its proven oil reserves by 24%, overtaking Iran, in its first and extractible oil, up from the 115bn barrels previously estimated. 10 May 2013 An estimated 17% of oil reserves are in the north of Iraq, near Kirkuk, Mosul, and Khanaqin. About three-fourths of Iraq's crude oil production
Gold Reserves in Iraq averaged 31.82 Tonnes from 2000 until 2019, reaching an all time high of 96.30 Tonnes in the fourth quarter of 2018 and a record low of 0 Tonnes in the second quarter of 2000. This page provides - Iraq Gold Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.