Federal Iraq’s Oil Revenue Set For 30% Annual Rise In 2017

• Iraqi crude revenues in the first two months of 2017 have totaled $9.5bn, more than twice the $4.5bn figure for the same period last year.

• Current export rates ought to boost annual oil revenues by around 30% to $58bn according to the current futures curve. 2016’s $43.7bn was the lowest level since 2009’s $41.4bn, despite export volumes being 1.4mn b/d higher. (CONTINUED - 196 WORDS)