Inflation Risks
As we move into the second half of the fiscal year, the Reserve Bank of India’s (RBI) forecast of a 4.5 per cent average inflation rate brings some optimism.
Iraq exported about 108.053 million barrels of crude oil in July, the country’s Oil Ministry announced Thursday.
During the month, about 106.125 million barrels were exported from oil fields in central and southern Iraq via the Port of Basra and more than 1.928 million from the Qayyara Oil Field in the northern province of Nineveh, said the ministry in a statement, citing statistics from the State Organization for Marketing of Oil, an Iraqi company.
In June, Iraq exported about 102.31 million barrels of crude oil, according to the ministry, Xinhua news agency reported.
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Iraq’s economy heavily relies on crude oil exports, which account for about 90 percent of the country’s revenues.
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