The Iraqi government could end this year with as much as a $79 billion cumulative budget surplus, based largely on ever-increasing oil revenues, congressional auditors say. A report by the Government Accountability Office made public Tuesday prompted ...

In a shocking report, the chief auditing office of the Iranian parliament says that tens of billions of dollars in oil revenues from 2006-2007 are missing.

Forbes - Iraqi government officials on Wednesday expressed "regret" about what U.S. officials said was mismanagement of oil revenues. U.S. auditors told Congress on Tuesday that Iraq is not spending much of its own money, despite soaring oil revenues that are ...

Two senior members of the Senate Armed Services Committee have requested a full accounting of how Iraq is spending its soaring oil revenues.

Two senior members of the Senate Armed Services Committee have requested a full accounting of how Iraq is spending its soaring oil revenues, amid starkly conflicting estimates of how much the country has invested in rebuilding its broken infrastructure and providing basic services