New major oilfield has been found in Iraq. Oil minister Ibrahim Bakhr al-Ulum reported field are in the south from Baghdad. The minister did not tell preliminary capacity of the new field but noted it "would exert influence on country economics." RIA "Novosti" informs with proven oil territory Iraq comes second after Saudi Arabia in the world. Now petroleum reserves in the country are 112 milliards barrels. But because of wars and economic sanctions exploration of new fields were frozen in fact. According to experts` opinion only in western regions of Iraq in revolt there could be found new oil stratums with petroleum reserves about 100 milliards barrels.