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Oil reserve discovered in Iraq: Iraq has got treasure worth billions of dollars. In fact, Iraqi Midland Oil Company (IMOC) said on Monday (January 20) that a large reserve of crude oil (blue gold) has reportedly been found in eastern Baghdad, Iraq. This is expected to add more than two billion barrels of new oil to Iraq’s oil reserves. Director General of the oil company Mohammad Yasin Hasan said that in the initial tests, 5 thousand barrels of crude oil is coming out from this well every day. This treasure of blue gold found underground is very important for the economy of Iraq. In fact, more than 90 percent of Iraq’s income comes from the export of crude oil.
Let us tell you that Iraqi Midland Oil Company (IMOC) is a government oil company. IMOC Director General Mohammad Yasin Hassan has described the discovery of this blue treasure as strategically important for Iraq. He said that this will not only increase the oil reserves in the country but will also increase its production capacity.
There is a treasure of oil in the land of Iraq
Iraq is a member of the Organization of Petroleum Exporting Countries (OPEC). It is noteworthy that Iraq is already a country with oil reserves of more than 145 billion barrels. At the same time, with the availability of another 2 billion barrels of crude oil, Iraq’s economic condition will become stronger. Experts say that this discovery of Iraq is really very big and it can prove to be a game changer. This will also increase Iraq’s regional strength.
Claim of finding gold reserves in Pakistan
Recently, the government of Punjab province of Pakistan has claimed to have found gold reserves. Punjab Mining Minister Sher Ali Gorchani claimed that gold reserves worth about 700 billion Pakistani rupees have been found in Attock. Gorchani said that gold reserves of 28 lakh tola have been found in an area of 32 kilometers in Attock. The price of this gold will be between 600 to 700 billion Pakistani rupees according to the market price.
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