Oct 9 2012

Iraq to earn $115 billion from oil sales in 2012

By Shayma Adel Azzaman, October 9, 2012 Iraq is expected to earn $115 billion from oil sales this year, the Oil Ministry says. The ministry’s spokesperson Asem Jihad said the surge in royalties would be the result of an increase in output made possible by developing new fields and upgrading others. Iraqi relies almost solely [...]