Iraqi Oil Sector... Continuous Success in spite of Security and Economic Challenges

摘要

Iraq's Oil Minister HE Adel Abdul Mahdi stated that the Iraqi oil sector is steadily progressing in spite of all the economic and security challenges as well as the drop of oil prices. The Minister said that the Iraqi Oil Ministry, in collaboration with other official bodies, paid $9 billion as part of the remaining payments to foreign oil companies for the year 2014. He added that Iraq has also made payment of the first quarter of 2015 dues and is currently working on paying off the second payment. The third payment should be done before the end of the year 2015. The fourth payment will be done at the beginning of 2016.