Int’l audit of Iraq’s oil revenues show more to be done to prevent smuggling…
Plus: *Iraq Oil Minister confirms crude for cash, int’l agreement may prevent it *Fire stops Kirkuk flow to Turkey *Ministry confirms China oil talks *Oil vs. Electricity ministries *Oil ready for Jordan, ambassador blames scared contractors *KBR keeps taking hits *Much, much more... Iraq is improving its anti-theft operations guarding oil and fuel from the […]The International Advisory and Monitoring Board report cited improvements in stemming the backdoor flow of oil and fuel, including meters at export terminals and decreasing the fuel subsidy.
The IAMB includes the Iraqi government, Arab Fund for Economic and Social Development, International Monetary Fund, United Nations and World Bank and has since 2003 audited the Development Fund for Iraq -- an account of oil and gas revenue and Saddam-era assets held at the Federal Reserve Bank of New York.
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