03.07.12 Iraq Focus
Deadly bomb blasts hit Iraq
According to a number of sources, dozens of people have been killed and many
injured in a series of bomb attacks across Iraq. At least four people died when
car bombs targeting Shi'a pilgrims went off in the town of Karbala.
Further bombings have been reported in Diwaniya, where an estimated 25 people
died, and Taji. There has been a surge of attacks in Iraq in recent weeks; with
highest number of deaths reported in June, since US troops withdrew in
It is thought that the Karbala attacks were targeting Shi'a pilgrims
congregating before a religious ceremony on Friday 6 July. The attack is said
injured at least 30 people.
According to Reuters news agency, a car bomb at a market in the city of Diwaniya killed at least 25
people and injured 40 others. While deadly blast in the Sunni city of Taji have
killed three people and injured 15 more. According to AP news agency, a policeman was among the dead.
In other news, Iraq's oil revenues have dropped by 17.6 per cent from May to
June. According to the government, this is due to dipping prices in the
international market and the diversion of some production to meet domestic
The violence-plagued country is heavily reliant on oil revenues, which make up
about 95 per cent of the fragile democratic government's budget. Oil Ministry
spokesman Assem Jihad said Iraq earned $6.453 billion in June, with an achieved
average price of $90 p/b. May's revenues stood at $7.831 billion with an
price of $103.039 p/b. It is estimated that June's oil exports averaged out at
2.403 million b/d, down from an average of 2.452 million b/d in May as the
diverted some production to refineries.
Sources: AP, BBC News, Reuters
For more news and expert analysis about Iraq, please see Iraq Focus.