IRAQ

Taqi Puts Proved and Probable Reserves at 112bn Barrels 

Iraq's proved and probable oil reserves total 112bn barrels, according to Mr. Qasim Ahmad Taqi, the Iraqi Oil Minister. At a press conference in Baghdad on 8 September Mr. Taqi said that proved crude oil reserves were 72bn barrels and probable reserves 40bn barrels, compared to a total of 105bn barrels estimated in 1985 - 65bn in proven reserves and 40bn in probable reserves (MEES, 10 June 1985). The Minister told the...