Big dam­age to Iraqi econ­omy

The Kurdish Globe - - NEWS BAR -

The Iraqi MP, Husam Aqabi, said that Iraqi econ­omy has suf­fered a great dam­age of four bil­lion US dol­lars due to the re­duc­tion in the pro­duc­tion of oil in the last two months.

Be­cause of the in­sta­ble se­cu­rity sit­u­a­tion and the war against the Is­lamic State, the oil com­pa­nies in Iraq have not been able to pro­duce the amount of oil that was ex­pected to be ex­ported.

"The ex­port of oil did not come up to the gov­ern­ment's ex­pec­ta­tions. The bud­get was planned based on the amount of oil that was ex­pected to be ex­ported. But the ex­pec­ta­tions have not been met, " said Aqabi.

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