A member of the Iraqi security services stands guard at Tuba oil field, West of Iraq's second largest city of Basra, where the South Oil Company opened two new wells last year
A member of the Iraqi security services stands guard at Tuba oil field, West of Iraq's second largest city of Basra, where the South Oil Company opened two new wells last year © Haidar Mohammed Ali - AFP
A member of the Iraqi security services stands guard at Tuba oil field, West of Iraq's second largest city of Basra, where the South Oil Company opened two new wells last year
AFP
Last updated: February 11, 2016

Iraq oil revenues now at just 15% of level two years ago

Banner Icon Iraq's oil revenues have sunk to just 15 percent of their value two years ago, Prime Minister Haider al-Abadi said Thursday, as he urged the international community to help shore up his country's battered economy.

"Iraqi oil revenues have fallen to just 15 percent of the revenues we had two years ago. This is a major decline and we therefore have great difficulties," he told journalists in Berlin after talks with German Chancellor Angela Merkel.

blog comments powered by Disqus
Stay Connected
twitter icon Twitter 13,558 linkedin icon LinkedIn 463
facebook icon Facebook 87,173 google+ icon Google+ 272