VOL. XXXIII

NO.18

5-FEBRUARY-1990

Iraq

Iraq's Oil Reserves Exceed 100 Billion Barrels Says Chalabi

Mr. Issam al-Chalabi,the Iraqi Oil Minister, has said that Iraq's proven oil reserves exceed thepreviously declared figure of 100bn barrels and that exploration and surveys arecurrently under way to define the extra proven reserves. Mr. Chalabi told theBaghdad Observer on 23 January that work is being undertaken to re-evaluate thecountry's oil reserves , adding that it has "become a common fact that...