Oec world iraq Petroleum exploration activities in Iraq, which started in 1902, have lead to the discovery of (64) oil fields and (9) gas fields with a total proven reserves of some 115 billion barrels of oil and 3080 BCM of gas, while in the mean time 543 structures and structural anomalies have been identified which contain some 214 billion barrels of . Key exploration sites include Western Habbaniyah near Baghdad, the oil-rich Anbar Governorate, and areas south of Al-Faka in Maysan Governorate. In 2023, Iraq was the number 52 (out of 195) economy in the world in terms of GDP ($251B current US$), the number 40 (out of 226) in total exports, the number 118 (out of 196) economy in terms of GDP per capita (current US$). It also takes a detailed look at the country’s oil and gas industry and 2 days ago · Iraqi government-owned Oil Exploration Company (OEC) expects to implement more than 30 projects as part of its five-year plan, a news report said. OEC Ministry of Oil. The most prominent projects are in the Western Habbaniyah, close to Baghdad, in Anbar Governorate, and south of Al-Faka in Maysan Governorate, Al-Sabaah, an Arabic newspaper reported, citing OEC 1 day ago · Iraq’s Oil Exploration Company (OEC) is preparing to roll out over 30 new oil and gas projects as part of its ambitious five-year development strategy, according to a report by Al-Sabaah. May 3, 2025 · By John Lee. During a visit to Iraq's Oil Exploration Company (OEC), the Minister of Oil, Hayan Abdul-Ghani, announced that the company's seismic teams have successfully added 6 billion barrels of oil and 32 billion standard cubic feet of gas to the country's national reserves. It examines the problems affecting Iraq’s power sector and offers recommendations for how to address the situation, including the potential role of renewables. In 1964, the National Oil Company has been established, as one of its arms was the Oil and Gas Exploration Corporation, which later became the Oil Exploration Company, and it is one of the oldest national companies active in the fields of exploration and evaluation of oil and gas throughout Iraq, where 12 seismic crews were formed and worked from 1970 to 1986; nine seismic Iraq's Energy Sector: A Roadmap to a Brighter Future is the International Energy Agency’s first in-depth analysis of the country’s energy sector since 2012. wgwhspmdsxkmonxnjvmjlleiqffnqfrwhloocimforuhgujtrendfx