Iraq's oil windfall

Though some are sceptical

    "Iraq Proven Oil Reserves Rise Significantly "  declares the Wall Street Journal, echoing a number of other news sources.

    But are they "proven"?

    So far, we have only assurances from the Iraq's oil minister Hussein al-Shahristani:

    These aren't random figures, rather they were the results of deep surveys carried out by the ministry's oil reservoir company and international companies which signed contracts with Iraq.

    But a few people are voicing scepticism, probably because we have seen this kind of sudden good news before.

    Higher proven reserves should eventually mean a higher production quota from Opec (Organisation of the Petroleum Exporting Countries), and theoretically more revenue. 


    YOU MIGHT ALSO LIKE

    Interactive: How does your country vote at the UN?

    Interactive: How does your country vote at the UN?

    Explore how your country voted on global issues since 1946, as the world gears up for the 74th UN General Assembly.

    'We were forced out by the government soldiers'

    'We were forced out by the government soldiers'

    We dialled more than 35,000 random phone numbers to paint an accurate picture of displacement across South Sudan.

    Interactive: Plundering Cambodia's forests

    Interactive: Plundering Cambodia's forests

    Meet the man on a mission to take down Cambodia's timber tycoons and expose a rampant illegal cross-border trade.