{"id":62324,"date":"2016-04-02T10:35:06","date_gmt":"2016-04-02T10:35:06","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=62324"},"modified":"2016-04-02T10:35:06","modified_gmt":"2016-04-02T10:35:06","slug":"iraq-says-oil-revenues-rise-despite-low-global-prices","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/iraq-says-oil-revenues-rise-despite-low-global-prices\/","title":{"rendered":"Iraq says oil revenues rise despite low global prices"},"content":{"rendered":"<p>Iraq&#8217;s monthly oil revenue has risen by more than 30 percent to $2.9 billion despite low global prices that have placed a major strain on the country&#8217;s economy. <\/p>\n<p>Oil Ministry spokesman Assem Jihad said in a statement Friday that exports inched up to 3.286 million barrels per day in March from 3.225 million the previous month. Last month&#8217;s total revenue was just $2.2 billion. <\/p>\n<p>The plunge in oil prices has battered Iraq&#8217;s economy at a time when Baghdad is struggling to combat the Islamic State group. Iraq holds the world&#8217;s fourth largest oil reserves, and oil revenues make up nearly 95 percent of its budget. <\/p>\n<p>Jihad says last month&#8217;s average price was $28 per barrel. Iraq&#8217;s 2016 budget is based on an expected price of $45 per barrel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Iraq&#8217;s monthly oil revenue has risen by more than 30 percent to $2.9 billion despite low global prices that have placed a major strain on the country&#8217;s economy. Oil Ministry spokesman Assem Jihad said in a statement Friday that exports inched up to 3.286 million barrels per day in March from 3.225 million the previous month. Last month&#8217;s total revenue was just $2.2 billion. The plunge in oil prices has battered Iraq&#8217;s economy at a time when Baghdad is struggling to combat the Islamic State group. Iraq holds the world&#8217;s fourth largest oil reserves, and oil revenues make up nearly [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[133],"tags":[],"class_list":["post-62324","post","type-post","status-publish","format-standard","hentry","category-oil-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/62324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=62324"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/62324\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=62324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=62324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=62324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}