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Iraq announces huge oil find near Saudi border as Hormuz crisis bites

Iraq has the fifth largest proven oil reserves in the world, estimated at 145 billion barrels, representing about 17% of total Middle Eastern reserves and around 9% of global reserves, according to the US Energy Information Administration (EIA).
8. Mai 2026 durch
Iraq announces huge oil find near Saudi border as Hormuz crisis bites
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Iraq has the fifth largest proven oil reserves in the world, estimated at 145 billion barrels, representing about 17% of total Middle Eastern reserves and around 9% of global reserves, according to the US Energy Information Administration (EIA).

Read the full original article: http://www.euronews.com/business/2026/05/08/iraq-announces-huge-oil-find-near-saudi-border-as-hormuz-crisis-bites

Sources: euronews_world

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