" /> " /> " />

Iraq losing oil revenue due to Kurdistan

02 August 2010

Iraqi oil ministry has said that because the northern Kurdistan region is not producing oil, the country is currently losing oil revenues of 100,000 barrels per day (bpd), Aswat al-Iraq has reported. "Kurdistan will not affect the Iraqi budget by stopping oil production, but the country is losing additional revenues that can be used in the rebuilding processes," spokesman for the ministry, Asim Jihad was quoted as saying. "Iraq needs to export as much oil as possible to ensure revenues for both the state and people."

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications