Iraq: There is No Respite for Iraq’s Oil Industry

Dec 13, 2015 | Saadallah Al Fathi, Gulf News
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Iraq’s oil revenues are now projected at $50 billion this year compared to about $84 billion in 2014 even though exports increased by about 0.5 mbd in 2015. In the 2016 draft budget, only $21.5 billion is allocated for overall investment compared to almost $47 billion in 2013.