Iraq earns US$60 billion from oil in 2008, at 1.85 million bpd

The Iraqi Stock Exchange (ISX) closed its session on Thursday, the last this week, with a 1.

An Iraqi oil official on Thursday said that the country’s oil revenues were up over 30 percent last year — to about $60 billion — despite the sharp decline in world prices in the last half of the year.

A source in the marine shipping office stated on Monday that Iraq has resumed exports of Kirkuk crude oil through the northern pipeline to Turkey this week.

Service projects in Halabja at $41.8 million

The director of the Chinese Al Waha company, which implements al-Ahdab oilfield, expressed readiness to receive Iraqi workers to contribute in the project’s implementation, the governor of Wassit said on Monday.

The Iraqi Ministry of Electricity next week will open a new electricity generating station in the capital Baghdad, according to a ministerial spokesperson.

Spokesperson for the Iraqi Oil Ministry on Tuesday said that Iraq’s exports of crude oil in December 2008 reached 54.

The State Company for the Manufacturing of Vehicles has laid down a five-year strategic plan to meet 40 percent of the local market’s needs.

The Iraqi Stock Exchange (ISX) opened its session on Thursday, the last this week, with one contract worth 100,000 shares.

The Ministry of Finance announced the end of Iraq's obligations to the supporting Convention of (SBA), and the remainder of debt was agreed to be scheduled over the coming years up to the year 2021.

The Iraqi Oil Minister Hussain al-Shahristani, called on Sunday, the British and Italian companies to compete in the licenses of investment sessions in Iraq, according to the statement of the Ministry's spokesman.

The Ministry of Communications has taken new measures against retarded citizens in the payment of phones wages.

Iraq's dilapidated transport infrastructure is on the road to recovery after decades of neglect, but funding is inadequate and the new transport minister is seeking investors from abroad.

The Ministry of Commerce had issued instructions to the provisioning branches in Baghdad and other provinces to start distributing new ration cards from next Monday, 12th, Jan 2009 until February 12.

The Ministry of Oil decided to reduce the prices of black oil to private, mixed and the public sectors from 350 to 250 thousand dinars per ton.

The first commercial flight between Europe and Iraq in at least 17 years has landed at Baghdad International Airport.

A local company in the city of Amarah started on Saturday broadcasting a telephone service with wireless Internet access for one cent per minute.

The director of the General Company for the Department of Private Transport Mohammad Baqer Mohammed, said the Ministry of Transport made plans for establishing an international garages link Iraq to the other states according to world-class standards.

Iraq's oil exports have extraordinary importance in the structure of the Iraqi economy, where exports constitute more than 95% of the State budget.