Interview: the man behind the reserves
Iraq's oil reservoirs chief talks about the recent bounce in reserves, and tells where the next increase will come from.
Flares burn off natural gas associated with crude oil production at the Zubair field in Basra. (STAFF/Iraq Oil Report)
BAGHDAD - When Iraq announced a bump in its oil reserves, it was no surprise. For years the country had claimed the third largest reserves in the world – a lofty status it achieved using old technology and exploring only part of the country. With an influx of foreign investment and expertise, the reserves were bound to rise.
But the stated increase, from 115 billion barrels to more than 143 billion barrels, left questions about not only how this number was reached, but also when the next update will be made.
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