Southern Iraq's Basra Province's petrodollar revenues exceed one trillion and 131 billion Iraqi dinars

BASRA: The Petrodollar revenues of southern Iraq's Basra Province for the year 2011 has reached one trillion (t) and 131 billion Iraqi dinars (US$1.009 billions approx.), according to a Basra Province Council's source on Thursday.

"The annual Petrodollar allocations by the Finance Ministry for Basra Province for the year 2011 has reached 1 trillion (t) and 131 billion Iraqi dinars (US$1.009 billion approx), the source told Aswat al-Iraq news agency.

He said that the amounts received from the Finance Ministry has reached 687 billion and 100 million Iraqi dinars, received on three payments till now.

Basra, the center of Basra Province, is 590 km to the south of Baghdad.