Oil Products: Our revenues from electronic payments have increased to 700 billion dinars per month.
The Oil Products Distribution Company confirmed on Thursday that its revenues from electronic payments have risen to 700 billion dinars per month. In a statement to the official news agency, the company’s general manager, Hussein Talib, stated that “the company was among the first government departments to adopt electronic payments,” noting that “all failures encountered during the experiment have been addressed and the system has been rolled out across the company’s various departments.”
He also explained that “all of the company’s departments are currently operating on an electronic payment system, which covers 100% of the supply of petroleum products to beneficiaries, in addition to activating electronic payment for citizens through fuel stations,” noting that “work is underway to fully complete this process in the coming period.”
He continued, “The company generates sales of approximately 700 billion dinars per month via electronic payments, which constitutes two-thirds of its revenues.” He noted that “the problems associated with the payment mechanism are simple and not complex, as daily coordination is conducted with the Central Bank and electronic payment gateways to address any errors or failures immediately.”
Burathanews.com