Middle East Economic Survey


No 11


Iraqs Oil Revenue Projected At $48Bn In 2010 Budget

The Iraqi federal budget for 2010 projects an oil revenue of ID56,050bn ($47.9bn) based on an oil price assumption of $62.5/B and oil exports of 2.1mn b/d, representing an increase of 30.1% in oil revenue from ID43,070bn ($36.8bn) in 2009. The oil price assumption in the 2009 budget was reduced to $50/B from an earlier estimate of $62.5/B (MEES, 16 March 2009, 5 January 2009). The 2010...