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Iraq Oil Ministry: Exports drop but rising price means revenue increases…

Plus: *Internal pipeline explosion affects fuel *Saddam-era deals with China, India, Vietnam and Indonesia likely to move *Turkish overtures to Baghdad and Erbil *Crackdown on smuggling and control of gas stations *Much, much more… Iraq oil sales earned $500 million more in March than February because of increased oil prices, despite a slight drop in […]

Iraq financial crisis prompts emergency action

Years of unrestrained spending and economic mismanagement have come to a head as oil prices drop and security costs soar, triggering risky fiscal maneuvers and IOC worries.