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Kurdistan: the region's debt of $ 250 billion and the company declared bankruptcy
Arbil - ((eighth day)) Spokesman for the Union of Kurdistan investors Yassin Mohamed, said the investments worth $ 7 billion stopped, due to the economic crisis that has worsened with the organization "Daash" attacks in northern Iraq. Mohammed explained that "this year is the least in terms of project completion and implementation of investments, pointing out that 250 companies went bankrupt, while suffering 400 thousand people from unemployment, noting that the Government of the Territory did not face a crisis like this before, and that the debt amounted billion dollars for the benefit of private companies stressing the need to diversify production in order to get rid of the crisis. " "The Turkey to reimburse $ 200 million a year for oil refining, although it can build a refinery with a few hundred million dollars." The central government in Baghdad has stopped paying the share of the territory of northern Iraq from the budget (17%, or $ 16 billion) for the export of 550 thousand barrels per day of oil region last start exporting oil via Turkey after the initial agreement between the two parties.
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Arbil - ((eighth day)) Spokesman for the Union of Kurdistan investors Yassin Mohamed, said the investments worth $ 7 billion stopped, due to the economic crisis that has worsened with the organization "Daash" attacks in northern Iraq. Mohammed explained that "this year is the least in terms of project completion and implementation of investments, pointing out that 250 companies went bankrupt, while suffering 400 thousand people from unemployment, noting that the Government of the Territory did not face a crisis like this before, and that the debt amounted billion dollars for the benefit of private companies stressing the need to diversify production in order to get rid of the crisis. " "The Turkey to reimburse $ 200 million a year for oil refining, although it can build a refinery with a few hundred million dollars." The central government in Baghdad has stopped paying the share of the territory of northern Iraq from the budget (17%, or $ 16 billion) for the export of 550 thousand barrels per day of oil region last start exporting oil via Turkey after the initial agreement between the two parties.
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