Iraq Loses $1 Billion In Oil Revenue From Sabotage
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Jun 21, 2004, 12:01

Tehran - P.I.N. - R.Imani azad - 2004/06/21 10:55

Baghdad - Iraq, the Middle East's fifth-largest oil producer last month, has lost around $1 billion in oil income during the last year as a result of sabotage to its oil infrastructure.

The country's Prime Minister said Iraq relies on oil for almost all its export revenue, which it uses to fund government salaries and reconstruction.
Since resuming exports in June last year following March's U.S.- invasion,

Iraq has collected almost $10.8 billion in oil revenue in its Development Fund of Iraq, set up to channel revenue from various sources.

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