Iraq says oil exports in March top in 50 years

Record oil exports, which account for more than 90 percent of Iraq's income, are a major incentive for the state ark.

The second largest producer in the Organisation of Oil Exporting Countries (OPEC), Iraq exported 100 million barrels per income of $11.7 billion -- higher revenues since 1972, the Oil Ministry said.

In February, oil revenues reached the highest level in eight years, of $8.5 billion, with daily exports of 3.3 million barrels of oil, Klankosova follows. tv

Oil revenues are critical for the Iraqi government, with the country mired in a financial crisis and need funds to rebuild infrastructure after decades of devastating war.

Iraq, with a population of about 41 million, is also facing a major energy crisis and undergoing regular power cuts.

Despite its major oil and gas reserves, Iraq remains dependent on imports to meet its energy needs.