Urgent – Iraqi Finance Ministry starts paying dues for foreign oil companies in Kurdistan Region

Baghdad (IraqiNews.com) The Iraqi Deputy Prime Minister for Economic Affairs, Ruz Nouri Shawis, announced that the Iraqi Ministry of Finance “started to pay the financial dues for the foreign oil companies operating in Kurdistan Region.”

A statement by Shawis’s office mentioned on Tuesday that “The Finance Ministry within the Iraqi Federal Government started to pay the dues of the foreign oil companies working in the Kurdistan Region.”

It was announced on last Sept/13 that the Iraqi Federal Government reached an agreement with Kurdistan Regional Government over paying the financial dues of the oil companies in the Region in return for increasing the oil production by Kurdistan Region to 200,000 barrel per day.