Iraq is the fifth in the world and the second in the Arab world in oil reserves

Baghdad-ALsharqiya, February 21: Iraq ranked fifth in the world and second in the Arab world in terms of the most countries in possession of oil reserves for the year 2021, according to the GFP global classification institution. In a report, the Corporation stated that Iraq's crude oil reserves amounted to 148 billion and 800 thousand barrels, ranking fifth in the world after each of Venezuela, which came in first place with an amount of 302 billion and 300 million barrels out of 92 countries that possess oil reserves, followed by Saudi Arabia, secondly, with an amount of 266 Two billion 200 million barrels, then Canada third, followed by Iran in fourth place, with an amount of 157 billion and 200 million barrels. The Foundation indicated that Iraq ranked second in the Arab world, after Saudi Arabia, with the largest oil reserves, while Kuwait came third, and the United Arab Emirates fourth.


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