Iraqi Dinar 123 News:– The Iraqi oil minister Adel Abdul Mehdi said that Iraq has been declared the fifth position with the highest petroleum products reserves in all over the world. The Iraqi minister also added that the Iraqi oil ministry is working very hard on the energy resources development in many fields using the latest techniques and equipments. He issued a statement that Iraq was at the first position in oil producing countries in the period of twenties. He also pointed out that Iraq still has a large amount of oil and gas in its soil.
The Iraqi oil minister also stressed that we are attracting local and foreign companies for the development process in energy sources. We have a development plan to attract the foreign investors in cooperation with many international level institutions and companies. He also added that we will increase our exploration process in oil and gas and we are looking to adopt latest technologies for the improvement in this sector.