Iraq Hits Massive JACKPOT as it discovers treasure of ‘blue gold’ worth Rs…, reserve to add more than two billion barrels of…
Punjab's Minister for Mines, Sher Ali Gorchani, has said that gold reserves worth approximately 700 billion Pakistani rupees are present in Attock.
Baghdad: Iran has reportedly chanced on a prime coarse oil (blue gold) reserve. The Iraqi Midland Oil Company (IMOC) shared the knowledge on Monday. The company said that a prime oil reserve has been listing in jap Baghdad. In accordance to the reports, this coarse oil reserve will add extra than two billion barrels of most up-to-date oil to Iraq’s reserves.
The company’s Director Basic, Mohammad Yasin Hassan, published that initial tests cowl the effectively can produce 5,000 barrels of coarse oil day-to-day. This discovery is wanted to Iraq’s economic system, as extra than 90% of the nation’s revenue comes from coarse oil exports.
The Iraqi Midland Oil Company (IMOC), a utter-owned enterprise, has described this discovery as strategically important for Iraq. This can no longer easiest make stronger the nation’s oil reserves but additionally enhance its production skill. “This discovery holds strategic significance as it will increase Iraq’s oil reserves and enhances its production capabilities,” Mohammed Yaseen Hassan said.
Iraq’s Land Holds a Esteem Trove of Oil
It is well-known to listing that Iraq is a member of the Organization of the Petroleum Exporting Worldwide locations (OPEC) and already has over 145 billion barrels of oil reserves. Iran’s economic system is dependent on coarse oil exports.
The invention of an further 2 billion barrels of oil is anticipated to toughen Iraq’s economic pickle. Consultants imagine this discovery is truly important and should cowl to be a game-changer for Iraq, bettering its regional affect as effectively.
The govt. of Pakistan’s Punjab province nowadays claimed to beget chanced on a gold reserve. Punjab’s Minister for Mines, Sher Ali Gorchani, has said that gold reserves rate approximately 700 billion Pakistani rupees are listing in Attock. Gorchani mentioned that a 32-kilometer condominium in Attock contains gold deposits estimated at 2.8 million tolas.
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