Mohammed Yassin Hassan, director general of the company, said the new discovery is expected to add more than 2 billion barrels to Iraq's oil reserves, according to a statement by the company.

ERBIL, Kurdistan Region - Iraq sits atop vast oil reserves but fails to fully exploit them, a former oil minister said Wednesday, criticizing the country’s energy policies and OPEC-imposed ...

As part of a plan to drill 18 oil wells in the East Baghdad field, the IDC revealed that drilling had begun in the first well ...

He expected that it would add more than two billion barrels to Iraq's oil reserves, making it the largest oil discovery in central Iraq. He noted that the initial tests of the well showed a daily ...

A rare ally of both the U.S. and Iran with more than $100 billion in reserves held in the U.S., Iraq relies heavily on ...

According to the reports, this crude oil reserve will add more than two billion barrels of new oil to Iraq's reserves. The company's Director General, Mohammad Yasin Hassan, revealed that initial ...

Hopes for a resumption oil flows have been buoyed by the Iraqi parliament’s approval last week of a budget amendment.

Despite Iraq’s vast reserves of (associated) natural gas, the country has long been dependent on Iranian gas supplies.

The East Baghdad field, one of the important oil fields in Iraq, recently had a discovery that increased its reserves to 15 billion barrels.