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18:32 GMT +3 hours27 April 2015

Iraq loses $20-30 billion over global financial crisis

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BAGHDAD, October 28 (RIA Novosti) - Iraq has already lost $20 - $30 billion over the current global financial crisis, a government daily quoted the deputy chairman of the Iraq's oil and gas committee as saying on Tuesday.

According to the Al-Sabah newspaper, Abdul-Hadi al-Hassani said the losses had been caused by plummeting oil demand and prices.

Daily oil output in Iraq currently stands at 2.7 million barrels.