* Surprise Oil Find in Iraq
January 18th, 2012 01:22 pm · Posted in NEWS: Dinar Currency & World Currency News
Iraq’s Oil Ministry announced on Wednesday that it has discovered a new oil field in the Missan [Maysan] province, and described it as the biggest achivement in 30 years.
According to the report from AKnews, the Iraqi Oil Minister Abdul Kareem Luaibi [Elaibi] told a press conference:
“Iraqi Oil Company and the Southern Oil Company have been able to make a big achievement… by finding oil in al-Dima field in Missan province [south east of Baghdad bordering Iran] though the ministry did not expect the discovery of oil in the field.”
Iraqi oil experts struck oil at at depth of 2,300 meter.
The minister added:
“They are now working on estimating the size of the oil reserve in the field before pumping is started.”
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