Iraqi oil / gas revenues exceeds $223m in 4 months

Iraqi oil / gas revenues exceeds $223m in 4 months

June 12, 2010

Basra oil and gas revenues over the first quarter of 2010 exceeded $223 million. “The revenues during the first four months of 2010 were around $223.3 million,” Ahmed al-Silaiti, deputy head of the Basra Provincial Council, told Aswat al-Iraq news agency on Saturday. He noted that the achieved funds will be spent on projects in the province as approved by the Iraqi Planning Ministry.

“Basra has other revenues as well from border points,” al-Silaiti pointed out. The oil-rich city of Basra lies 590 km south of Baghdad.

Source: Aswat al-Iraq