In this study, According to the results of CO 2 solubility measurement tests at constant temperatures, an increase in CO 2 solubility values was observed for CO 2 -brine and CO 2 -oil systems when the equilibrium pressure increases. Furthermore, it was revealed that for both aforementioned systems, the solubility of CO 2 reduces when temperature increased. It was found that introducing CO 2 to the oil reservoirs through injection water provides great opportunity to lock large quantity of CO 2 inside the porous medium with high retention factor. Results of this study showed that both secondary and tertiary scenarios of CO 2 -saturated water flooding are favourable with the storage capacity between 34% to 45% of the injected CO 2 in the sand-pack model. In addition, the solubility trapping was shown to be the main CO 2 trapping mechanism during CO 2 -saturated water flooding. According to the results of this study, most of the injected CO 2 was trapped in the porous medium through dissolution in the reservoir fluids, i.e., solubility trapping. As an example, the flooding tests conducted in secondary mode at P = 10.3 MPa and T = 25 °C, showed that about 95% of the injected CO 2 can be trapped by dissolution mechanism into the reservoir oil and brine. In terms of oil recovery, it was found that the ultimate oil recovery factor of CO 2 -saturated water flooding is consistently more than that of conventional water flooding leading this technique to be a more viable option as a means of improved oil recovery technique. In this study, flooding tests conducted at pressure of P = 10.3 MPa and temperature of T = 25 °C, verified that injection of CO 2 -saturated water resulted in improving the conventional water flooding oil recovery factor by about 19.0% and 12.5% of OOIP for secondary and tertiary scenarios, respectively. Based on the results obtained in this work, it was concluded that mixing CO 2 with injected water noticeably provides permanent, safe, and practical CO 2 storage together with considerable oil recovery improvement in light oil systems.