Iraq’s Oil reserves are worth over $11.6-Trillion dollars, with 143.1 billion barrels of oil which rank Iraq the second largest oil reserve in the world after Saudi Arabia. What you might not know is up to 90 percent of the country remains unexplored because of all the years of war and sanctions. Iraq has every potential to be the largest exporter and reserve of oil in the world. Only about 2,000 wells have ever been drilled in comparison over 1million wells have been drilled in Texas alone.
Last edited by MrsCK on Sat Dec 25, 2010 12:40 pm; edited 1 time in total (Reason for editing : Removed Link...we don't do links here)