View Full Version : Iraq: Export of more than 99m barrels of oil in Dec

Investors Iraq News
01-04-2016, 05:11 AM
Source: Read the story here (https://www.zawya.com/story/Iraq_Export_of_more_than_99m_barrels_of_oil_in_Dec-ZAWYA20160104042850/)

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Screaming Eagle
01-04-2016, 12:06 PM
At $40 a barrel about $4 billion a month or $48 billion a year. Less than half of Iraq's yearly budget. Expect the CBI reserves to be severely diminished. They need a $100 a barrel oil just to maintain the present spending.