Article quote: “Oil exports made up 91% of Iraq’s $107 billion federal revenue in 2024.” It used to be 95%. 91% means at least they’re going in the right direction. They need to diversify their budget a little bit more. They can’t rely so much on oil prices…Iraq has got to maintain $84 per barrel in order to keep from running a deficit for the year…Right now t’s at $68.65 nowhere near that $84. This isn’t good for Iraq…This is not a stable situation…They have a lot of very big projects…that are really going to benefit their economy…It’s just going through the process of getting to that [tipping] point that’s a pain in the butt.
