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Iraq discovers new oil well with enormous reserves near Saudi border

Baghdad (IraqiNews.com) – Iraq announced on Wednesday the discovery of a new oil field in Najaf province, near the Saudi border in the southwestern part of the country. The oil field, discovered by China-based Zhenhua Oil, has estimated reserves of 8.83 billion barrels and a daily production rate of 3,248 barrels of light crude oil. During his meeting with a delegation from Zhenhua Oil, Iraqi Oil Minister Hayan Abdul-Ghani said that a new oil di…

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Iraqi Oil Minister Hayyan Abdul Ghani has announced the discovery of a new oil reserve near the country's border with Saudi Arabia, with reserves estimated at around 9 billion barrels. The announcement came during his meeting yesterday with a delegation from the Chinese company "ZhenHua Oil", which discovered the new block in the Qurnain area in southwestern Iraq, as part of a previous licensing round. The Iraqi Oil Ministry announced that Ghani…

In Iraq, a new oil field with reserves of 8.83 billion barrels was opened in the province of Najaf, the daily production is currently 3248 barrels

·Ukraine
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Iraq news, the latest Iraq news by Iraqi News… broke the news on Wednesday, May 6, 2026.
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