Middle East Economic Survey


No 47



Baghdads Oil Revenues End Third Quarter On A High

A rebound in Iraqi northern crude oil exports coupled with strong southern output combined in September to pull in the highest monthly revenues since December 2009, and the second highest total since August 2008, the latest official figures show.

Revenues for this year are strongly up on 2009 (see table). However, this is solely due to higher oil prices, with a fall in northern...