Last updated: 11 February, 2016

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

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.