By John Lee.
The Deputy Minister for gas refineries at the Ministry of Oil, Fayaz Hassan, has told reporters that Iraq owes almost $20 billion (24 trillion Iraqi dinars) to foreign oil companies working in the country.
BasNews quotes him as saying that the Iraqi Oil Ministry has met with the Finance Ministry and Central Bank to raise a $12 billion cheque, and "within a month pass it to the foreign oil companies.”
(Source: BasNews)
#Iraq Business News: Iraq Owes Oil Companies $20bn http://t.co/sLnVfNIrhJ
Iraq Owes Oil Companies $20bn http://t.co/UjJBkorfgq #iraq
Iraq Owes Oil Companies $20bn: By John Lee. The Deputy Minister for gas refineries at the Ministry of Oil, Fay... http://t.co/FjeUnd4V9M
Iraq Owes Oil Companies $20bn: By John Lee. The Deputy Minister for gas refineries at the Ministry of Oil, Fay... http://t.co/hnrHacSvY0
Major IOS operating in #Iraq are severely disappointed with due payments delay, hopefully this will help. http://t.co/a21DsJMc8b
#Iraq Owes #Oil Companies $20bn http://t.co/fPIAiyb04e
RT @IraqDaily: #Iraq Owes #Oil Companies $20bn http://t.co/fPIAiyb04e
Is this a belated April Fools? Iraq apparently owes major oil companies $20 billion http://t.co/n3njvgB8El
Iraq Owes Oil Companies $20bn http://t.co/Gws8Quy0lA
Iraq Owes Oil Companies $20bn http://t.co/NB9YgaNNuD