Iraq: Iraq Oil Exports up but Revenues Plunge on Low Prices

Feb 2, 2016 | Agence France-Presse
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Iraqi oil exports rose in January compared to the previous month but revenue fell by more than $650 million due to plunging crude prices, the oil ministry said Monday. Baghdad is facing a financial crisis due to the fall in oil prices, which the ministry said averaged $22.21 in January – less than half the amount projected in the 2016 budget.