Parliamentary Committee on Oil: $ 13 billion debt of Iraq for oil companies
Parliamentary Committee on Oil: $ 13 billion debt of Iraq for oil companies
01/03/2015
For Oil and Energy Committee in the Iraqi Council of Representatives confirmed that Iraq owes to foreign oil companies operating in the country in the amount of $ 13 billion, as a result of delayed payment of dues Acharcatalsnueh.
The committee member said Ibrahim Bahr al-Ulum that “Iraq’s debt to oil companies operating could be up to $ 20 billion, if it continues delayed payment of dues of these companies,” suggesting that “the Iraqi government to repay those debts, through the development of plans to increase the production and export of oil energy, and rework contracts with foreign oil companies operating in Iraq, raising the time limit for payment of dues. ”
In addition, said the Finance Committee in the House of Representatives member Abdul Qader Mohammed “The repayment of Iraq’s debt allocations in the budget year 2015, not enough to pay off the Iraqi debt to foreign oil companies operating in Iraq,” expected “The government reach an amicable solution with those companies.”
As noted economist Abdul Rahman al-Mashhadani, “The licenses carried out by the Ministry of Oil rounds, since the year 2013, requiring non-payment of financial maturity of the company of foreign labor in the country, unless you can get to the line embark on oil production,” explaining that “some companies get Iraqi oil instead of their money owed by Iraq. ”
The Commission on oil and energy AVI House of Representatives was revealed invest in oil companies during 2013-2014amoala up to $ 43 billion that the government paid half, under the licensing rounds decades, added to that corporate profits, which are deducted at the rate of $ and a half Ataran every barrel of oil additional mines.
iraqhurr.org