Iraq scores its first oil find in decades

CNN ^ | Mon January 21, 2013 | Mohammed Tawfeeq

[MinorityRepublican]

Baghdad (CNN) -- Iraq's state-owned oil exploration company has made the country's first oil find in 30 years, an Oil Ministry spokesman said Monday.

The company found at least a billion barrels of crude under the ground in a southeastern province near the border with Iran, spokesman Assim Jihad said Monday.

The discovery in Maysan, about 350 kilometers (215 miles) south of Baghdad, is a "significant achievement" for the country, Jihad said.

Despite vast reserves and reliance on oil for government income, exploration in Iraq has been hindered by decades of conflict.

[DIRTYSECRET]

that’s nice. I’take the Glock.