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[size=38]The End Of The Year... An Expert Expects Iraq's Oil Revenues To Reach 125 Billion Dollars
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LAST UPDATE 07/06/2022 | 8:02 PM
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Economist Nabil Jabbar expected, on Wednesday, that Iraq's financial revenues from oil until the end of this year will reach more than 125 billion dollars, which represents nearly 200% of the average revenue for previous years, while stressing that the revenues achieved during the past months are historic.
Jabbar said in an interview with the "Information" agency, "The revenues achieved during the past months are historical over the entire lifespan of the Iraqi state since 1920," noting that "the revenues achieved during 6 months from oil sales are approximately $62 billion, which is equivalent to an average of $62 billion in oil sales. full year revenue.
He added, "Iraq has an opportunity for development by investing and employing these funds, at least for the funds generated for the next three years, during which economists expect the oil price boom to continue or improve."
The economist explained, "It is expected that the revenue until the end of the year will be more than 125 billion dollars, which represents approximately 200% of the average revenue for previous years."
Jabbar continued, saying: "Spending 40 and 50 years ago from oil revenues on infrastructure projects (bridges, roads and public buildings) is the real generation fund from which Iraqis benefited throughout that period."
The Ministry of Oil had confirmed, earlier, that “the amount of crude oil exports amounted to (101) million (390) thousand and (662) barrels, with revenues amounting to (10) billion and (609) million and (252) thousand dollars. Finished / 25 ر
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