Iraq says oil revenues rise despite low global prices

April 2, 2016 8:47 AM

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BAGHDAD – Iraq's monthly oil revenue has risen by more than 30 percent to $2.9 billion despite low global prices that have placed a major strain on the country's economy.

Oil Ministry spokesman Assem Jihad said in a statement Friday that exports inched up to 3.286 million barrels per day in March from 3.225 million the previous month. Last month's total revenue was just $2.2 billion.

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