Monday, January 23, 2006

Iraq Pays $1Billion Debt to Turkish Fuel Companies

"Iraq Pays $1Billion Debt to Turkish Fuel Companies
By Anadolu News Agency (aa), Bagdat (Baghdad)
Published: Monday, January 23, 2006
zaman.com

The Iraq Oil Ministry has announced a decision to make the delayed payments to Turkish and multinational companies that have decided to stop fuel supplies to Iraq.

On Sunday, Asim Jihad informed, '$250 million was transferred two days ago. The problem occurred due to a postponement of the ministry's central service payments on 21 January until the end of the month to balance the accounts. However, Turkish companies were not informed about the decision.'"

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