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THE HuB

10/05/10 8:04 AM

#224392 RE: robjer #224390

Iraqi oil reserves estimated at 143B barrels
By the CNN Wire Staff
STORY HIGHLIGHTS

* New estimates could add trillions to Iraqi economy
* Reserves could total 143.1 billion barrels

(CNN) -- Iraq's estimated oil reserves have grown by nearly 25 percent, the oil ministry announced Monday.

"Iraq's oil reserves which are extractable are 143.1 billion barrels," said Hussein al-Shahristani, Iraq's oil minister, based on data provided by Organization of Petroleum Exporting Countries.

The OPEC figures are about 28 billion barrels higher than previous estimates.

At $81 a barrel, about what oil was trading at early Monday, the added reserves would be worth about $2.27 trillion.

About 70 percent of all reserves are concentrated in Iraq's southern oil fields, with 20 percent in the north and 9 percent in the country's center.

exceo

10/05/10 9:15 AM

#224394 RE: robjer #224390

robjer: Thank you so much for that post. I assume it really made your day.

It constantly amazes me what people do for their own pleasure and satisfaction.

Have a nice day.

seek the light

10/05/10 10:03 AM

#224397 RE: robjer #224390

Since you ask so nicely????? Look north. Do not be TOTALLY surprised.

umbra

10/05/10 12:10 PM

#224411 RE: robjer #224390

People who hang out on an investment board with no investment and live purely to aggravate, exasperate then exacerbate are little more than insecure folk having a problem with something else ending in "ate" but I won't go there...lol.