Iraqi Dinar Discussion Board

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(4)__Iraq Has the Largest Oil Reserves in the World
Sunday, 18 May 2008 12:27 Bliss
Iraq Has the Largest Oil Reserves in the World, 350-525 Billion Barrels, and US War Planners Knew it

The Iraq News Agency published an important report by Omar Najib about the new estimates of the Iraqi oil reserves. The report points to the Iraqi oil wealth as the main reason behind the US invasion of Iraq. The report stated that the Saddam Hussain government estimate of Iraqi oil reserves reached 525 billion barrels before the US invasion. But it did not publish its findings to avoid tempting US oil companies to press for a US invasion of the country.

On April 28, 2008, the Iraqi government Kurdish deputy prime minister, Burhum Saleh, announced that Iraqi oil reserves have reached 350 billion barrels. This is a huge difference from the official pre-war estimate of 115 billion barrel.

Announced Saudi oil reserves are 250 billion barrels.

The report also mentioned that Iraqi natural gas reserves are also the largest in the world, exceeding Russian reserves (1.7 trillion cubic feet), and the reserves of Saudi Arabia, Qatar, and Iran together.

The report further mentioned admissions from Alan Greenspan, Paul Wolfowitz, and John Abi Zaid that the US invasion of Iraq was basically because of the country's oil wealth. Pakistan Daily
http://www.daily.pk/world/middle-east/83-middle-east/3756-iraq-has-the-largest-oil-reserves-in-the-world.html