Sunday, 21 November 2010

Iraq expects $60 bln in oil revenues, Iraq Economy - Maktoob News

Iraqi officials proposed a 2011 budget based on a $73-per-barrel oil price and exports of 2.3 million barrels a day, an oil ministry spokesman said on Sunday.

The export figure includes 150,000 bpd from the semi-autonomous Kurdish region, spokesman Assim Jihad said. Exports were halted last year after a dispute between Kurdish officials and the central government and have yet to resume.

The figures were agreed by an Iraqi delegation that included Oil Minister Hussain al-Shahristani and Finance Minister Bayan Jabor, as well as central bank representatives, during a meeting with World Bank officials to discuss Iraq's budget, Jihad said.

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