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Parliamentary Integrity: $60 billion of corruption in oil licensing rounds
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The Parliamentary Integrity Committee announced that the amount of corruption in oil licensing rounds has reached $60 billion.
A member of the Parliamentary Integrity Committee, Youssef Al-Kalabi, said during the parliament session yesterday, which was followed by "Economy News", that "50-60 billion dollars is the amount of corruption in the oil licensing sacks concluded by the Ministry of Oil," noting that the oil licensing sacks increased production. Iraq 2 million barrels per day.
He added that the oil ministry's policy kept the sober companies away and brought in companies that wasted money, stressing that in 2017, Iraq's production should have been 12 million barrels per day and more than $100 billion was spent.
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