Oil: We are committed to pay the dues of international oil companies

[k98nights]

 

 

Oil: We are committed to pay the dues of international oil companies

 

 

16-03-2015 04:34 PM

 

 

The spokesman for the Oil Ministry, Assem Jihad, the ministry will continue to pay the debts of the international oil companies operating in Iraq dues. 
Jihad said, that: 'the value of the amounts of those companies is $ 20 billion, the government has worked on a new mechanism for the payment of this debt overhang', stressing ' Government approval for the sale of treasury bonds worth $ 12 billion to pay off this debt. " 
He added, that "Iraq is ready to fulfill its obligations of international oil companies 'revealing' a meeting between the ministries of oil and Finance and the Central Bank to issue bonds worth $ 12 billion." 
He pointed out that the 'These companies are working to develop the oil fields and increase production', noting that 'the first bond to be paid this month, and the dues on the form of oil according to international prices.'

 

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