Investment Opportunity in Ziyen.com, the owner of Rebuilding Iraq

+44(0) 800 772 3004
marketing@ziyen.com

Iraq Has Announced it Will Pay All Foreign Oil Companies by the End of 2016

Musher Salih,a financial policy advisor to Prime Minister Haider al-Abadi has recently announced Iraq will repay all arrears to foreign oil

Musher Salih,a financial policy advisor to Prime Minister Haider al-Abadi has recently announced Iraq will repay all arrears to foreign oil companies and operators by the end of 2016 in an agreement with the International Monetary Fund. 

This is largely  due to the IMF’s $5.4US billion in loans over three years it has agreed for Iraq. OPEC has also felt the need to revise budget and seek support from the international community as the industry saw oil prices collapse in the last two years, creating huge deficits in the Iraqi government and delaying payments to foreign oil operators in Iraq. 

Categories

Read more news like this