-This experimental study is aimed at evaluating the performance of the miscible WaterAlternating-CO 2 (CO 2 -WAG) flooding as a function of slug size and WAG ratio based on the ultimate oil recovery in the Sarvak formation. In this research, initially the slim-tube apparatus was used to determine the Minimum Miscibility Pressure (MMP) of the Sarvak heavy oil and CO 2 at the constant reservoir temperature. Then, a total of seven core flooding experiments were performed by using the sandstone core samples collected from the Sarvak formation. These experiments were conducted through respective water flooding, miscible continuous CO 2 flooding, and miscible CO 2 -WAG flooding. In the miscible CO 2 -WAG flooding, different WAG slug sizes of 0.15, 0.25, and 0.50 Pore Volume (PV) and different WAG ratios of 1:1, 2:1, and 1:2 were applied to investigate their effects on the oil Recovery Factor (RF) in the Sarvak formation. The results showed that, in general, the miscible CO 2 Enhanced Oil Recovery (CO 2 -EOR) process is capable of mobilizing the heavy oil and achieving a high and significant oil RF in the Sarvak formation. The miscible CO 2 -WAG flooding has the highest oil RF (84.3%) in comparison with water flooding (37.7%), and miscible continuous CO 2 flooding (61.5%). In addition, using a smaller WAG slug size for miscible CO 2 -WAG flooding leads to a higher oil RF. The optimum WAG ratio of the miscible CO 2 -WAG flooding for the Sarvak formation is approximately 2:1. The results also demonstrated that, more than 50% of the heavy oil is produced in the first two cycles of the miscible CO 2 -WAG flooding. The optimum miscible CO 2 -WAG flooding has a much less CO 2 consumption than the miscible continuous CO 2 flooding.