Iraq Discovers ‘Blue Gold’ Worth More Than 2 Billion Barrels of… Iraq Hits Massive JACKPOT
According to Sher Ali Gorchani, Punjab’s Minister for Mines, Attock possesses gold deposits valued at over 700 billion Pakistani rupees.
Baghdad: According to reports, Iran has found a significant resource of crude oil, often known as “blue gold.” The Iraqi Midland Oil Company (IMOC) released the information on Monday. According to the business, a substantial oil reservoir has been discovered in eastern Baghdad. Reports indicate that this crude oil deposit will supplement Iraq’s existing oil reserves by over two billion barrels.
According to preliminary studies, the well can produce 5,000 barrels of crude oil per day, according to the company’s Director General, Muhammad Yasin Hassan. Since crude oil exports account for more than 90% of Iraq’s income, this finding is significant for the country’s economy.
According to the state-owned Iraqi Midland Oil Company (IMOC), this finding is strategically important for Iraq. It will increase the nation’s oil reserves and production capability. “This discovery holds strategic importance as it increases Iraq’s oil reserves and enhances its production capabilities,” Mohammed Yaseen Hassan stated.
Oil Is a Treasure Trove on Iraqi Land
Notably, Iraq already possesses more than 145 billion barrels of oil reserves and is a member of the Organization of the Petroleum Exporting Countries (OPEC). Crude oil exports are the backbone of Iran’s economy.
It is anticipated that the finding of an extra 2 billion barrels of oil will improve Iraq’s economic standing. According to experts, this finding is extremely important and has the potential to revolutionize Iraq and increase its regional importance.
Recently, the Punjab province administration in Pakistan declared that they had found a gold resource. According to Sher Ali Gorchani, Punjab’s Minister for Mines, Attock possesses gold deposits valued at over 700 billion Pakistani rupees. According to Gorchani, there are gold resources in Attock that are believed to be worth 2.8 million tolas and span 32 kilometers.
One thought on “Iraq Discovers ‘Blue Gold’ Worth More Than 2 Billion Barrels of… Iraq Hits Massive JACKPOT”