Iraq Says Oil Revenues Rise Despite Low Global Prices

61
Source:   —  April 02, 2016, at 1:26 PM

Oil Ministry spokesman Assem Jihad said in a statement Friday that exports inched up to 3.286 million barrels per day in March from 3.225 million the previous month.

Iraq'south monthly oil income has risen by more than thirty % to $2.9 billion despite low global prices that have placed a major strain on the country'south economy.

Oil Ministry spokesman Assem Jihad said in a statement Friday that exports inched up to 3.286 million barrels per day in March from 3.225 million the previous month. Latest month'south total income was just $2.2 billion.

The plunge in oil prices has battered Iraq's economy at a time when Baghdad is struggling to combat the Islamic State group. Iraq holds the world'south fourth largest oil reserves, and oil revenues create up nearly ninety-five % of its budget.

Jihad says latest month'south average price was $28 per barrel. Iraq's two thousand sixteen budget is based on an expected price of $45 per barrel.

READ ALSO
India Considers Possible Murder Charges in Overpass Collapse

India Considers Possible Murder Charges in Overpass Collapse

Rescuers continued clearing rubble from the scene of Thursday'south accident. Sixty-nine people have been pulled out alive, but authorities said they doubted more survivors would be found.

55
Afghan Official: eleven De-Miners Kidnapped

Afghan Official: eleven De-Miners Kidnapped

Rauf Ahmadi, the spokesman for the police chief of the western Herat province, said Saturday that a military operation has been launched in the area, with six suspects detained.

55
seven Killed, one Seriously Injured in Northeast Spain Car Crash

seven Killed, one Seriously Injured in Northeast Spain Car Crash

The collision occurred early Saturday at Pont de Molins on the outskirts of Figurers, the regional government of Catalonia'south traffic dept said on its Twitter account.

75
Al-Qaida, Other Insurgents Capture Syrian Village

Al-Qaida, Other Insurgents Capture Syrian Village

The Britain-based Syrian Observatory for Human Rights says the al-Qaida-affiliated Nusra Front, along with other jihadis as well as more moderate factions, captured the village of Tel el-Ais early Saturday.

38