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Iraq began the development of major oil fields on the border with Iran

Iraq’s state Maysan oil company has started drilling the first wells in the oil field Huwaiza on the border with Iran.

According to estimates, the new Deposit contains about one billion barrels of oil.

Also, the Iraqi oil Ministry announced the start of work on expansion of oil production from the field bakery halfayya, developed by the Chinese company PetroChina.

Iraq plans to increase oil production from 4.7 to 5 million barrels per day.

Iraq began the development of major oil fields on the border with Iran 10.07.2017

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