Economics
Iraq Owes Oil Companies $20bn
The Deputy Minister for gas refineries at the Ministry of Oil, Fayaz Hassan has told reporters that Iraq owes almost $20bn (IQD24trln) to foreign oil companies working in the country. Hassan said that the Iraqi Oil Ministry has met with the Finance Ministry and Central Bank to raise a $12bn cheque, and “within a month pass it to the foreign oil companies.” (Iraq Business News)
Source: http://www.iraq-businessnews.com/2015/03/30/iraq-owes-oil-companies-20bn/
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