Oil revenues crash, dragging Iraq deeper into crisis
High April export levels were no match for a spiraling oil price down nearly 80 percent since January.
A Basra Gas Company worker at the Nahr Bin Omar oil field takes part in the opening of a new pipeline sending gas to the national network on Jan. 12, 2017. (JASSIM AL-JABIRI/Iraq Oil Report)
Iraq's April oil revenues collapsed to their lowest level in more than a decade, dragging the country deeper into a financial crisis that has paralyzed both the federal government and the semi-autonomous Kurdistan Regional Government (KRG).
Nationwide crude sales held relatively steady, averaging 3.854 million barrels per day (bpd) in April.
This content is for registered users. Please login to continue.
If you are not a registered user, you may purchase a subscription.
If you are not a registered user, you may purchase a subscription.
