Iraq has lost $ 11 billion in financial revenues since the beginning of this year, due to the deterioration of oil prices in global markets as a result of the oversupply caused by the "Corona" pandemic, compared to prices that prevailed in the same period last year.

And Sumo National Company specialized in selling oil - in an official statistic issued on Monday - that "Iraq sold during the first four months of this year, nearly 409.96 million barrels of oil, at an average price of $ 38, with total revenues of $ 15.39 billion."

Iraq had sold during the first four months of last year, quantities of oil amounted to 423.28 million barrels, at an average price of $ 62, and revenue of $ 26.27 billion.

And Iraq’s oil exports constitute 98% of foreign currency flows to the country, with oil sales making up 45% of GDP and 93% of general budget revenues.