Iraq is ranked fourth among the highest oil reserves in OPEC

Baghdad, OPEC announced that the organization reserves of crude oil amount to one trillion and 189 billion barrels, indicating that these reserves represent more than 79% of the world’s reserves of crude oil.

The organization said in a report that the reserves of the members of the organization, which consist of 13 countries, of crude oil amount to one trillion 189 billion and 80 million barrels, indicating that the state’s reserves outside the organization of oil amount to 308 billion and 18 million barrels.

It added that the percentage of these reserves for OPEC represents 79.4% of the world’s reserves of crude oil.

The organization pointed out that “Venezuela comes first with the highest reserves within OPEC, at a rate of 25.5%, followed by Saudi Arabia with a rate of 22.4%, while Iran comes third with a rate of 13.1%, Iraq comes fourth with a rate of 12.2%, then Kuwait fifth by 8.5% and then the UAE sixth with a rate of 8.2 Then Libya comes seventh by 4.1%, and Nigeria comes eighth at 3.1%.

 

Source: National Iraqi News Agency

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