After Iraq's Oil Ministry approved Inpex, the big oil corporation of Japan, to sell its share of Iraq's biggest oil discovery, 'Block 10', Russia is set to take control of it for 20 years.
Iraq's Eridu oil field is estimated to have reserves of seven to ten billion barrels based on preliminary estimations. Speaking exclusively to OilPrice.com last week, senior Russian oil sector insiders stated that the genuine figure might be as much as 50% higher than the higher figure of that bracket....
