Will surging energy prices derail reforms in oil-exporting Middle East? 07.05.2022

Deutsche Welle | May 7, 2022 at 2:00 AM
  • Two years ago, Iraq almost ran out of money.
  • And what is bad news for European consumers is good news for oil- and gas-producing countries like Iraq, Saudi Arabia, Qatar and the United Arab Emirates.
  • In March, Iraq’s oil exports were worth just over $11 billion (€10.5 billion), the most the country has earned for oil in a month since 1972.