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Audit pans Iraq and U.S. efforts to account for oil, fuel and revenue flow…

Plus:
*Iraq working with neighbors on joint oilfields
*Electricity Ministry signs with GE

The summary audit results of Iraq’s 2007 oil sales and revenue flow conducted by Ernst & Young has been released by the International Advisory and Monitoring Board for Iraq. It landed a significant blow to Iraq’s efforts to ensure all oil and fuel produced is accounted for and the movement of Iraqi funds is transparent.

The IAMB monitors how Iraqi funds – most of which are oil sales – are co…

By Ben Lando of Iraq Oil Report
Published June 8, 2008

Plus:
*Iraq working with neighbors on joint oilfields
*Electricity Ministry signs with GE

The summary audit results of Iraq’s 2007 oil sales and revenue flow conducted by Ernst & Young has been released by the International Advisory and Monitoring Board for Iraq. It landed a significant blow to Iraq’s efforts to ensure all oil and fuel produced is accounted for and the movement of Iraqi funds is transparent.

The IAMB monitors how Iraqi funds – most of which are oil sales – are co…

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