Iraq Revenues to Exceed $150 Billion

By John Lee.

A financial advisor to the Iraqi Prime Minister has said he expects Iraq's revenues this year to exceed $150 billion.

Speaking to the state-controlled Iraqi News Agency (INA), Mudhar Muhammad Salih said sustained high oil prices, combined with non-oil revenues of "no less than $8-10 billion", will result in total revenues for whole of Iraq (including the Kurdistan Region) of at least $150 billion.

His estimates were based on IMF assumptions, including an average oil price of  $104, and daily exports of crude oil from the Baghdad-controlled region of 3.4 million barrels per day.

(Source: INA)

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One Response to Iraq Revenues to Exceed $150 Billion

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    Ibn Al Iraq
    12th May 2022 at 19:57 #


    Good news!

    Though Iraqi Gov should reserve part of this windfall for a rainy day! This is vital to safeguard these funds for next generation etc.

    Enough corruptions!! Be responsible for once!

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