This latest purchases is big, really big. Why does Iraq want France’s new fighter jet? …14…aircraft will be ordered by Iraq from France. Here’s the kicker, Iraq will pay for the jets with $240 million in oil…this is not a big deal for Iraq. Oil is averaging $100/barrel, this is approximately 2.4 million barrels of oil. Crude oil production in Iraq averages 4.5 million barrels per day. It will take Iraq half a day to pay for the 14 fighter jets…
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