BAGHDAD: Iraq is regarded the seventh world country to have fossil energy (oil, gas and coal), according to a survey made by Business Insider.
The first country was Russia, to be followed by Iran, Saudi Arabia, Venezuela, and USA.
Iraqi reserves were estimated to be 150 billion barrels with revenues of 18 trillion dollars.
According to oil development policies here, it is expected that Iraq will have its effects in world oil economies.
Source: © Aswat Aliraq 2014
