Iraq’s oil revenues are 174 % higher in 2008 – oil ministry

[sabra]

Source: Voice of Iraq

BAGHDAD / Aswat al-Iraq: The official spokesperson of the Iraqi Ministry of Oil on Tuesday said that Iraq’s oil revenues in 2008 were 174 percent higher than the expected level.

“Estimations in 2008 were $35.465 billion, while the achieved amount was $61.814 billion,” Asim Jihad told Aswat al-Iraq news agency.

“The revenues were deposited in Iraq’s account,” he added.

Read more: http://en.aswataliraq.info/?p=106254

[daleo]

1. I wonder where the revenues went after that?

I bet lots of that money is being skimmed off.

The price of oil fluctuated a lot in 2008, but I would ballpark that as about 600 million barrels or so (assuming about $100 per barrel), or well under 2 million barrels per day. In 2001, their production was about 2.4 million barrels per day. So, they are still well short of pre-invasion levels.

http://www.scaruffi.com/politics/oil.html