Iraq's 20 billion annual oil revenues cannot meet such costs.

Suddenly, oil revenues are no longer sufficient to cover all three.

Its leaders should focus on one key issue managing Nigeria's oil revenues.

Currently, oil accounts for a substantial share of Nigeria's total government revenues.

Using oil or natural gas for domestic electricity threatens oil and gas exports, which are the principle source of government revenues. Indeed, with domestic oil consumption growing at a higher rate than production, government revenues from oil exports are already in decline.

The fight to control oil and gas revenues is paramount in this regard.

The state financed their purchases and investment projects with seemingly inexhaustible oil revenues.

Oil and gas revenues for July have exceeded forecasts by 7.4 billion rubles

Over dependence on aid and oil revenues characterizes almost all the economies of WANA.

Without adequate governance, oil revenues will be wasted on grandiose projects, corruption, or rearmament.

Oil and gas prices were sky high, with export revenues flooding the Kremlin s coffers.

Without adequate governance, oil revenues will be wasted on grandiose projects, corruption, or rearmament.

Debts burden Russia's economy mightily, which will become heavier as oil export revenues fall.

To combat the impact of such dependence, they spend oil revenues on other sectors, leaving the oil sector with little investment.

Using oil or natural gas for domestic electricity threatens oil and gas exports, which are the principle source of government revenues.

Indeed, with domestic oil consumption growing at a higher rate than production, government revenues from oil exports are already in decline.

This is no solution, because the government will still control oil revenues and determine the dividend.

In the budget this is paid for by the favorable effect of devaluation on government oil revenues.

Its economic stability is dependent on oil revenues, so it is here that Iran s rulers are vulnerable.

Under Iraq s constitution, the Kurdish region is entitled to 17 of the country s oil and gas revenues.

Before we used to just budget on whatever oil we bring in, because oil is the biggest, most revenue earning sector in the economy 70 percent of our revenues come from oil.

The Government of Southern Sudan suffers from serious financial constraints, owing to unrealistic assumptions about its oil revenues.

Reducing oil revenues by using less oil would also weaken other international troublemakers, actual and potential Hugo Chávez of Venezuela, for example, and Vladimir Putin of Russia.

If oil prices remain high likely in the foreseeable future, given strong demand from the US, Japan, China, and India oil revenues could reach 400 600 billion.

Oil revenues can be controlled by the state to be used, in part, for social programs, as in Venezuela.

But in a rentier economy, huge revenues from oil or external financial transfers actually create a disincentive to work.

Notwithstanding booming oil and gas revenues, its infrastructure remains underdeveloped, and successful economic modernization is a long way off.

Thus, nuclear power will halt the decline in government revenues by freeing more oil and natural gas for export.

This is true even in cases like Venezuela, where large oil revenues masked the underlying weakness for a while.

If the world used less oil, Iran would become less threatening, because its radical rulers rely on oil revenues to purchase domestic support and pursue their regional goals.

The absence of a modern industrial base diminishes the WANA economies ability to absorb the surplus generated by oil revenues.

They are also now suffering from water shortages and a budget deficit that has been exacerbated by declining oil revenues.

They also share an interest in keeping oil flowing to world markets and in capturing the bulk of the revenues.

Some suggest that Iraq's oil problem be dealt with by distributing shares in the state oil company to the people. This is no solution, because the government will still control oil revenues and determine the dividend.

Iraq's 20 billion annual oil revenues cannot meet such costs. Indeed, those revenues will scarcely cover the costs of rebuilding basic infrastructure, feeding and housing displaced populations, and paying for the country's civil administration.

By contrast, development in the Arab world, driven largely by oil revenues, has left the population under educated and economically marginalized.

Oil revenues should be taken out of public hands to the greatest degree possible and handed over to the private sector.

Bountiful resources such as oil are a bane for democracy in developing countries, because when a government gets the revenues it needs by selling oil, it doesn t need to collect taxes.

High oil prices have created huge export revenues for Middle Eastern governments, which still want to park their earnings in American assets.

At the same time, many oil exporters are being forced to scale back expenditure plans in the face of sharply falling revenues.

That's seven percent of revenues.

It is true that income from oil and gas, which represents the bulk of government revenues, has been halved when measured in dollars.

In a country like Russia, half of whose budget revenues are derived from taxes on oil, setting up an oil fund is the equivalent of a commitment to balance the budget over the cycle.

While oil exporting countries receive revenues in dollars (or their euro equivalent), they use different currencies to import goods and services from various countries.

On the contrary, companies and workers depend on public services and the subsidies that the government provides with revenues derived from oil and gas.