Iraq allocates 7 billion dollars as receivables to foreign oil companies by the budget of 2019
1/12/2019

"The draft federal budget for Iraq for the current year 2019 allocated between 6 to 7 billion dollars, as annual financial dues paid to foreign oil companies operating in Iraq on the cost of development and operational projects," Ihsan said in a press statement on Friday.

The Iraqi parliament is studying these days the draft federal budget for Iraq, where the draft budget was built on the price of a barrel of Iraqi oil $ 54 per barrel, and the rate of exports from southern and northern Iraq, the rate of three million and 880 thousand barrels per day, mostly from the southern ports.

Foreign oil companies, notably Exxon Mobil, British Petroleum, Shell International, Lukoil, PetroChina, Malaysia’s Petronas, Japan’s Gapex, Gazprom and others, are investing in a number of large and medium oil fields in southern and central Iraq.

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