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The head of Total's refining and chemicals division, Patrick Pouyanne, said he signed a preliminary accord with Iraq's industry ministry in November 2013 to examine the feasibility of the complex in the southern Iraqi port of Basra.

Iraq achieved the tax revenue goal for the year 2013-14, said Dr.Issam. The oil production of Iraq reached 3.25 million barrels as compare to the 2.6 million barrels per day in 2012. Iraq generates maximum revenue from export of oil in the international market that automatically enhanced the total government revenues and the total tax collection increased in the oil industry of Iraq.

Iraq News Agency: Iraq has explored much oil which is giving much revenue to the country annually. Recently in 2012 the trade gave 85% of the total revenue to the country. The revenue of oil has always dominated the export industry of Iraq.

At the end of February 2014, the total size of hard currency reserve is equivalent of ninety trillion Iraqi dinars as announced by Central Bank of Iraq. Central bank of Iraq is not fully satisfied with these ninety trillion reserves. According to central bank, the reserves need to be over 100 trillion because of increased volume of trade in private sector of Iraq.

Iraqi Dinar 123 News:- The daily sales of US dollar and other currencies of the world rose in today session at central bank of Iraq. The total sales was calculated to 195 dollars that more than previous all trading sessions in the month.

The central bank of Iraq surprised the whole world with the recent trade of gold. The gold reserves of Iraq have doubled now after this purchase of 36 tons of gold. The recent gold reserves of Iraq are 63 tons after addition of 36 tons in the total gold reserves of Iraq.

The Iraq stock exchange, the higher number of foreign stock is traded in the last week, according to Securities Commission of Iraq. The total volume purchased this week was calculated up to 71 million shares that is almost double than that of its previous week sales.

The governor of central bank of Iraq about Stabilization of Iraqi Dinar in the international market is looking true after looking the increase in the sales of US dollar at the auction of central bank of Iraq. According to the report prepared by intelligence authorities, the sales of dollar are equal to the one third of the total Iraq budget.

It was good news on Wednesday that 77 million barrels of crud oil has been produced in the southern part of Iraq. The company responsible for the southern part of Iraq is exceptional. They announced the total production of the oil fields of material crude oil for the month of June exceeded by 77 million barrels.

It was reported that the European stocks fell on Friday because of the increase in the geopolitical tensions that made President Barack Obama increase the air strikes in Iraq. The first index fell by 300 points at 0708 GMT, the FTS Euro first was a major European company share that lead to 0.9 percent loss and 1302.48 points. This loss has added to the total loss of seven percent that has taken place since the past 8 weeks almost.

Iraq is trying to revive its country economically and they are investing in different schemes for the betterment of their country. The Municipal Ministry approved of the great streams of Hilla which was to be completed from the budget of 2014 in three different stages. This project was something that was to be handled with the total cost of 900 billion dinars and with the help of proper technicians.

Iraqi Dinar 123 News:- It was announced by the oil ministry of Iraq that their export ratio of oil increased recently. During the month of October the oil exports rose. The total revenue earned through the oil export during the month of October was equal to seventy six million and three hundred thousand barrels.