1、Congressional Research Service The Library of CongressCRS Report for CongressReceived through the CRS WebOrder Code RS21626Updated April 24, 2006Iraq Oil: Reserves, Production, and Potential Revenuesname redactedSpecialist in Energy PolicyResources, Science, and Industry DivisionSummaryIraqs potenti
2、al oil wealth remains largely unrealized. Substantial proven reservesexist, and there are likely more resources awaiting discovery. But oil production hasbeen slow to fully recover during the post-Saddam period, and many obstacles stand inthe way of achieving a stable export flow. Moreover, refineri
3、es are in need ofrehabilitation, necessitating imports of gasoline and cooking fuel within Iraq.Despite these difficulties, the existence of vast resources suggests easy exploitationand lucrative export earnings that could help fund Iraqs redevelopment. But the sheerresource size masks the difficult
4、y, described in this paper, of generating export revenuesthat could fund reconstruction and development and offset several appropriationsapproved by Congress. This report will be updated as events warrant.Iraq Oil Reserves and Production History. With 115 billion barrels of provencrude oil reserves,
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