A large exploratory well in an oil field near Baghdad has reported significant successes, said Mohamad Yasin Hassan, the general director of the company. "We observe high oil yield from medium and light oil," the statement said.
The Iraq Central Oil Company, in partnership with the Chinese company EBS, announced the discovery of a large oil field in the southern outskirts of Baghdad. This decision was made as part of intensified efforts to explore and develop oil fields, in accordance with the government program to increase oil production.
"We expect that oil production from the new well will exceed two billion..."
