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News Link • Energy

Iraq Oil Reserves Jump

• arclein
Iraq's sharp upward revision of its oil reserves to 143.1 billion barrels, and the prospect that there's much more to come, has cemented the country's status as a long-term energy producer when researchers say global oil output is set to decline. The Oil Ministry's announcement Monday raised Iraq's known oil reserves by 24 percent, eclipsing Iran's declared reserves of 137.6 billion barrels.

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