Middle East Economic Survey


No 1-2



Oil Price And Output A Tonic For Iraq Revenues

Iraqi monthly oil revenues look set to top $4.5bn for a third consecutive month the highest levels since August 2008. Iraqs new Minister of Oil 'Abd al-Karim Laibi told reporters early January that output had risen to a 20-year high of 2.7mn b/d as a result of new production from foreign-operated fields.

December exports hit 1.95mn b/d, Mr Laibi said. The figures, not yet...