A member of the parliamentary Finance: International Monetary requirement to pay dues unfairly oil c

by **Rocky** Tue 14 Jun 2016, 4:29 am

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A member of the parliamentary Finance: International Monetary requirement to pay dues unfairly oil c

by Rocky Tue 14 Jun 2016, 4:29 am

[ltr]A member of the parliamentary Finance: International Monetary requirement to pay dues unfairly oil companies to Iraq
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[Oan- Baghdad]
Description parliamentary finance committee member Husam punitive, IMF clause in his loan for Iraq to pay late dues oil to foreign companies operating in the country end of the year 2016 as "unjust".
He said the punitive told all of Iraq [where] that "the IMF's condition was unfair against Iraq was on the Iraqi delegation negotiating with the IMF did not agree with him and Ergoh to deal with the Iraqi side and the oil companies."
He stressed "We must negotiate a phased repayment of the companies will not be required Iraq to pay the accumulated debt the end of this year being the increase of the fiscal deficit and financial distress."
He punitive "We're talking about pay at least a billion dollars a month for companies because of the backlog on Iraq in the past two debt and the last three, and it seems that the Iraqi negotiating delegation was pressured fact repaid affect Celia on the existence of financial liquidity and we will have to internal loans."
He said a member of the parliamentary finance committee "should be dialogue with the companies as beneficiaries of the drop in prices as service contracts in order to reduce a lot of operational and capital expenditures in them."
He called on the punitive "on the government to review the licensing rounds ongoing negotiations with foreign companies to gain access to contracts to reduce expenses and holding new agreements with belonging to a drop in prices and the stage Aeltsid receivables not required Iraq to pay all the dues this year."
He was an economic advisor to Prime Minister Haider al-Abadi, said yesterday that Iraq plans to settle all outstanding dues of foreign oil companies by the end of the year, as stipulated agreement with the International Monetary Fund.
And the appearance of Mohammed Saleh, told Reuters, "The decision is part of the measures approved by the government last week to secure loans worth $ 5.4 billion from the International Monetary Fund over three years."
Saleh did not disclose the size of the arrears but it was estimated last year, billions of dollars.
Iraq seeks member of the Organization of Petroleum Exporting Countries [OPEC] to get support for its budget from the international community after shrinking revenues due to the oil price collapse two years ago which led to the widening budget deficit and delayed benefits companies producing raw sewage.

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