Iraq finds extra billion barrels of oil: ministry

[xchrom]

http://www.rawstory.com/rs/2013/01/20/iraq-finds-extra-billion-barrels-of-oil-ministry/




Iraq said on Sunday it has discovered deposits of crude equivalent to one billion barrels of oil after the first exploration work by state-owned firms in almost 30 years.

The deposits were found after exploration in Maysan province, in southern Iraq near the border with Iran, and could potentially make a significant addition to Baghdad’s already substantial reserves.

“Exploration began in Maysan, south of (provincial capital) Amara” last year, oil ministry spokesman Assem Jihad told AFP.

“Today, it completed 100 percent and achieved a big success.

[Cirque du So-What]

1. I can almost hear

neocons becoming turgid with greed already. How long before they come up with some excuse to re-invade Iraq?

[pampango]

2. It would be nice if the Iraqi people benefited from this. What are the odds of that? n/t

[xchrom]

3. slim to none? nt