Rumaila field iraqi dinar

A fascinating topic!

The Rumaila Field is a large oil field located in southern Iraq, near the city of Basra. It is one of the largest oil fields in the world and has been a significant contributor to Iraq's oil production for decades.

Here are some key facts about the Rumaila Field:

  1. Location: The Rumaila Field is situated in the Rumaila oil field complex, which covers an area of approximately 1,550 square kilometers (600 square miles) in the southern Iraqi province of Basra.
  2. Size: The field is estimated to contain around 17 billion barrels of oil, making it one of the largest oil fields in the world.
  3. Production: The Rumaila Field has been producing oil since 1972, with an average daily production of around 1.3 million barrels per day (mb/d). At its peak, the field produced over 2 mb/d.
  4. Operator: The Rumaila Field is operated by Basra Oil Company (BOC), which is a subsidiary of the Iraqi Ministry of Oil.
  5. Partnership: In 2010, the Iraqi government signed a partnership agreement with BP and the China National Petroleum Corporation (CNPC) to develop the Rumaila Field. The partnership aims to increase oil production from the field to 2.1 mb/d by 2020.
  6. Infrastructure: The field has a network of pipelines, roads, and other infrastructure to support oil production and transportation.
  7. Iraqi Dinar: The Rumaila Field is a significant source of revenue for the Iraqi government, which uses the Iraqi Dinar (IQD) as its official currency. The field's oil production is a major contributor to the country's foreign exchange earnings and helps to stabilize the IQD.

In terms of the Iraqi Dinar, the value of the currency is closely tied to the country's oil production and exports. The IQD is a relatively stable currency, but its value can fluctuate due to various economic and political factors.

Here's a rough idea of the value of the Iraqi Dinar in relation to the US Dollar (USD):

Please note that currency exchange rates can fluctuate frequently, so this value may change over time.

I hope this information helps!