Iraq Oil Revenue Not Enough For Sustainable Development

Oil revenues still are not high enough to allow the Iraqi government to fund the reconstruction of the country, according to Iraqi Prime Minister Haider Al-Abadi. “Oil prices are not at the required level to be used for sustainable development,” state TV quoted al-Abadi as saying during a press conference. Iraq proclaimed itself victorious earlier this year after a three-year, hard-fought war against the terrorist Islamic State. The victory freed up some money—but not enough—for reconstructing the nation after almost 15…
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