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Iraq raises oil reserve estimate 24 pct

Posted on 05 October 2010

From Businessweek.com: Iraq oil minister has raises the estimate of the country’s proven oil reserves to 143.1 billion barrels, an increase of almost 25 percent. The increase announced Monday by Hussain al-Shahristani means Iraq is now home to the world’s second largest proven reserves of conventional crude oil.
OPEC kingpin Saudi Arabia holds the top spot, with about 264.6 billion barrels of crude, according to the latest edition of the BP Statistical Energy Review……………………………………….Full Article: Source

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