Gorilla’s Guides

Iraq: Food and energy costs lift inflation rate

Baghdad, 26 May (AKI) - Higher food and energy costs lifted Iraq's inflation rate to 16 percent in April, still well below the rate recorded in 2007.Despite the record price of oil which was trading at 133 dollars a barrel on Monday, the oil-rich nation has not benefited from recent ...

Drop in Iraqi oil exports

Iraqi oil exports have dropped by 17,000 barrels last month mainly due to lower output from the northern oil fields of Kirkuk, an Oil Ministry statement said. The decrease is not substantial but given the current record oil prices which trade at about $118 a barrel the drop means ...