Maysan Receives $42m from Oil

Maysan will receive 50 billion Iraqi dinars [$42m], having been allocated one dollar for every barrel of oil produced from its fields, according to chairman of the Maysan Council.

“After the Iraqi government’s approval to allocate one dollar for every oil barrel produced in the oil-producing provinces, Missan will receive 50 billion dinars this year,” Abdulhussein Abdulreda told Aswat al-Iraq news agency.

“All technical and administrative procedures have been finalized, including opening a banking account and forming a committee to follow up these amounts,” he added.

(Source: Aswat al-Iraq)

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