Broke: US-Installed Iraqi Elite Spent or Stole all $700 bn in Oil Revenue since 2005

“Between 2005 and 2017, the finance ministry has taken in $706.23 billion dollars in foreign exchange” from oil, it said in a statement.

According to parliament the equivalent of $227 billion in public funds in Iraq, OPEC’s second largest crude exporter after Saudi Arabia, has gone missing through shell companies.

via Broke: US-Installed Iraqi Elite Spent or Stole all $700 bn in Oil Revenue since 2005