Photo: AFP/Asaad Niazi
Eurasia
23/01/2024 09:28
Iraq earned $97.6 billion from oil sales in 2023, a significant drop from the record $115 billion in 2022. In December, Iraq exported more than 108 million barrels of oil, averaging 3.4 million barrels per day at an average price of $77 per barrel.
The revenues from December brought Iraq's total annual revenue to $97.6 billion, down roughly $18 billion from 2022, although the revenue at the time was mainly driven by a surge in global oil prices amid fears following Russia's invasion of Ukraine. Additionally, the decline in annual revenue was partly due to the halt of Kurdish oil exports in April.
Sri Lanka is the only country in the Asia region currently engaged in discussions with US officials to renegotiate tariffs imposed under US President Donald Trump’s administration, according to deputy economic minister.
China confirmed on Friday details on the framework of a trade deal with the United States, saying Washington would lift "restrictive measures" while Beijing would review and approve items under export controls.
China is willing to maintain economic and trade exchanges with the United States based on equality, mutual respect and mutual benefit to deliver benefits to both countries and the world, Vice Minister of Finance Liao Min said, according to a statement released by the ministry on Friday.