VOL. XXXI

NO. 2

19-OCTOBER-1987

IRAQ

Iraq May Raise Oil Reserves Estimate to 100bn Barrels

In an interview with the Baghdad daily Baghdad Observer on 4 October, theDirector of the Iraqi Oil Exploration Company (IOEC), Dr. Hashim al-Kharsan,stated that Iraq's proved crude oil reserves are currently estimated at 72bnbarrels, but that this figure is expected to rise in the very near future to100bn barrels.