Iraq discovers new oil field with 8.8bln barrels of reserves

AI Summary

Iraq has discovered a new oil field containing over 8.8 billion barrels of reserves near Najaf province, marking a significant addition to its oil resources. This exploration block, known as Al-Qarnain, spans 8,773 square kilometers and represents a major development in Iraq's oil industry.

Iraq has discovered an oil field with more than 8.8 billion barrels of reserves near the southern border of Najaf province with Saudi Arabia, according to a news report. The Al-Qarnain block is the first exploration block, covering 8,773 square kilometres, with an oil discovery recorded, Rudaw, a digital news network based in the Kurdistan ...