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UPDATE: Oil exports and revenues drop in August

Technical problems, sabotage and political disputes caused exports to fall slightly, and revenue fell steeply along with a drop in the price of oil.
Employees of state-run Iraqi Drilling Company in Basra Jan. 16, 2011. (ATEF HASAN/Reuters)
Ben Lando, Patrick Osgood and Staff of Iraq Oil Report
Tuesday, September 1st, 2015

The cash-strapped Iraqi government suffered a sharp decrease in August oil revenues, due mainly to depressed global oil prices as well as a dip in exports from both the south and the north.

The federal government earned just $3.874 billion in August, according to the Oil Ministry, down more than 20 percent from the $4.908 billion earned in July.

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