ENERGY

Iraq oil revenues now at just 15% of level two years ago: PM

In this Dec. 13, 2009 file photo, Iraqi workers are seen at the Rumaila oil refinery, near the city of Basra, 340 miles (550 kilometers) southeast of Baghdad, Iraq. (AP)

Iraq's oil revenues have sunk to just 15 percent of their value two years ago, Prime Minister Haider al-Abadi said Thursday, as he urged the international community to help shore up his country's battered economy.

“Iraqi oil revenues have fallen to just 15 percent of the revenues we had two years ago. This is a major decline and we therefore have great difficulties,” he told journalists in Berlin after talks with German Chancellor Angela Merkel.
 

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Last Update: Friday, 12 February 2016 KSA 00:31 - GMT 21:31
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Iraq oil revenues now at just 15% of level two years ago: PM
'This is a major decline and we therefore have great difficulties,' said Abadi
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