Payments to the oil companies operating in the Kurdistan region needs to be a decision of the Federal Council of Ministers

PostDateIcon Sunday, December 30, 1 / December 2012 09:39 |

{Baghdad Ambassador: News}

Explained and the Federal Ministry of Finance, that the payment of the second installment of dues of the oil companies operating in the Kurdistan region, which amounts to "350" billion Iraqi dinars, needs the federal cabinet vote on this resolution.

The agent said Finance Minister Fadel prophet in a press statement that the first resolution of the Federal Cabinet on payments to oil companies operating in the region, it includes the payment of "650" billion Iraqi dinars for companies and implemented by the Ministry of Finance, adding: that the decision also included payment of the second installment and "350" billion Iraqi dinars for the province, by the Federal Cabinet again.

He prophet: The council vote comes after the presentation of the report of the Committee Supreme consisting of the Ministers of Finance, Planning and oil and natural resources in the federal government and the Kurdistan region, stressing that the payment is up to the High Commission and the Council of Ministers and not the Ministry of Finance.


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