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

Post by RamblerNash Fri Feb 12, 2016 5:19 pm

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



Iraq oil revenues now at just 15% of level two years ago: PM 91eb123f-7df6-4af7-a5e8-aeff41868376_16x9_788x442
In this Dec. 13, 2009 file photo, Iraqi workers are seen at the Rumaila oil refinery, near the city of Basra, 340 miles (550 kilometers) southeast of Baghdad, Iraq. (AP)


AFP, Berlin Friday, 12 February 2016

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.


http://english.alarabiya.net/en/business/energy/2016/02/12/Iraq-oil-revenues-now-at-just-15-of-level-two-years-ago-PM-.html

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Iraq oil revenues now at just 15% of level two years ago: PM Empty Re: Iraq oil revenues now at just 15% of level two years ago: PM

Post by Kevind53 Fri Feb 12, 2016 10:17 pm

Yep, but if you listen to the guru's they're going fix that all by increasing the value of their currency by a ridiculous amount. Sure ... right ...

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