Araji: Iraq owes the oil companies $ 25 billion
Monday, February 22, 2016 20:30

Alsumaria News / Baghdad
The Deputy Prime Minister for Energy, resigned Bahaa al-Araji, Monday, that Iraq owes the oil companies $ 25 billion, saying that the reason for referring it to crack due to the issue dealt with the licensing rounds during the last period.

They said in an interview with Alsumaria's News, "The allergic by the Integrity Commission came at me from addressing the issue of oil licensing rounds continuously through the media," adding that "the head of the body responsible for licensing rounds were from a single block."

He said al-Araji, that "Iraq was indebted to oil companies $ 13 billion in 2014, and $ 12 billion in 2015, for a total of $ 25 billion," pointing out that "the government has resorted to issuing bonds to the public in order to repay the debt of these companies."

Iraq presented its oil fields during the licenses for the development of tours by international companies to reach a production of at least six million barrels per day within the year 2017, and the issue of Iraq crude oil from the ports of Basra and Khor al-Amaya on the Arabian Gulf, as well as the Turkish port of Ceyhan.