The Rumaila oil field is a giant oil field located in southern Iraq, approximately 20 mi (32 km) from the Kuwaiti border. The dispute between Iraq and Kuwait over allegedly slant-drilling in the field was one of reasons for Iraq's invasion of Kuwait in 1990. This field was discovered by British Petroleum (BP) in 1953. Under Saddam Hussein, it was nationalized by Iraq. Since then, this massive oil field remains under Iraqi control. Rumaila is considered the third largest field in the world.
The field is estimated to contain 17 billion barrels, which accounts for 12% of Iraq's oil reserves estimated at 143.1 billion barrels.
Read more about Rumaila Oil Field: Ownership, Production, Reservoir, Importance in Gulf War
Famous quotes containing the words oil and/or field:
“Courage, determination, and hard work are all very nice, but not so nice as an oil well in the back yard.”
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