Iraq Sees $115 Billion From Oil Revenue Last Year ...Middle East

Iraq raked in more than $115 billion in oil revenues last year, according to figures released by the country’s oil ministry this week. That figure stems from crude oil exports of 1.209 billion barrels last year, or an average of 3.320 million barrels per day. The figures were released a day after Iraq’s National Security Agency said that investigations into crude oil and oil products smuggling to the tune of roughly 470,000 barrels per month are ongoing, with 49 standing accused, including officers, associates, traders, and smugglers.…

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