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Iraq scores its first oil find in decades
CNN ^ | Mon January 21, 2013 | Mohammed Tawfeeq

Posted on 01/21/2013 12:44:14 PM PST by MinorityRepublican

Baghdad (CNN) -- 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.

(Excerpt) Read more at ...

TOPICS: News/Current Events; War on Terror
KEYWORDS: energy; iran; iraq; kurdistan; kuwait; oil; opec; saudiarabia; waronterror

1 posted on 01/21/2013 12:44:20 PM PST by MinorityRepublican
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To: MinorityRepublican

that’s nice. I’take the Glock.

2 posted on 01/21/2013 1:17:12 PM PST by DIRTYSECRET
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