By Mustafa al Kadhimi for Al Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the opinions of Iraq Business News. On Dec. 23, Iraq’s Cabinet approved and submitted the 2015 federal budget to parliament. This development occurred following months of study to review and reduce the initial budget’s large […]
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Tags: Brent crude, Economic Diversification, Federal Budget Deficit, Haider al Abadi, Hoshyar Zebari, Iraq, Iraq Budget News, Iraq Oil Exports News, private sector
Iraq and Russia Maintain Oil Glut
By John Lee. Iraq and Russia are leading the global surge in oil exports despite a highly competitive market. This has maintained low prices not seen since 2009, with a February settlement for Brent Crude at $56.42 a barrel. Bloomberg reported record export data of 10.6 million barrels a day from Russia and 2.9 million bpd […]
Tags: Brent crude, China, Iraq, Iraq Oil Exports News, Oil and Gas, OPEC, rentier state, Russia, Saudi Arabia, Shale Gas