They both have large oil reserves. Most of the Iraqi reserves are near the city of Basra in the south and the city of Kirkuk in the north. Most of the Iranian reserves are in the province of Khuzestan in the southwest.
Saudi Arabia and Iran are two of the members.
Saudia arabia Bahrain Yemen Oman Iran Iraq Syria Qatar Kuwait U.A.E from Anonymous Panda
Oil and terorism
Iraq is richer because of the trade and all their economies, Iraq is a rich country and so is Iran but Iraq is richer because of all of the oil they have sold during the war of America and Iraq. In conclusion, Iraq is the richer country.
The largest known oil reserves in Russia at this time are found in Siberia.
Yes.
Countries with the largest oil reserves include Venezuela, Saudi Arabia, Canada, Iran, and Iraq. These countries possess significant amounts of proven oil reserves that make them key players in the global oil industry.
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Iran rank Third in oil reserves in the world
The Persian Gulf, located in the Middle East, contains a large portion of the world's oil reserves. Countries such as Saudi Arabia, Iran, Iraq, Kuwait, and the United Arab Emirates border this body of water and have significant oil reserves.
Iran is an oil country. Iran has oil and gas resources far. Iran says oil reserves to oil fields in Iran. For the extraction of oil reserves, Iran has invested much. Many countries have invested onIranian oil.
Iran, Iraq, Saudi Arabia (hopefully)
The biggest oil reserves in the world are in the OPEC nations in the Middle East. The second largest oil reserves are in Venezuela. Saudi Arabia is third. Fourth is Canada, then Iran, Iraq, Kuwait, United Arab Emirates, and Russia.
The majority of the world's oil reserves are located in the Middle East, with countries like Saudi Arabia, Iraq, and Iran holding significant amounts of oil. Other significant reserves are found in regions such as Venezuela, Russia, and the United States.
Saudi Arabia has the largest oil reserves in the Middle East, followed by Iraq, Iran, Kuwait, and the United Arab Emirates. These countries are major producers and exporters of oil globally.
Saudi Arabia and Iran are two of the members.
The economy in Iraq before the fall of Saddam and after has been the sale of its crude oil from proven oil reserves. These reserves are quite large and keep its economy going.