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Zebari: studying the issuance of bonds by five billion dollars .. and we will pay dues oil companies soon
03/19/2015
Range / Reuters
Finance Minister Hoshyar Zebari said on Wednesday that Iraq is considering the issuance of international bonds worth five billion dollars and five years to cover the deficit in the budget, "noting that" Baghdad will soon begin to pay some dues foreign oil companies. "
Zebari said in an interview with "Reuters", "for government bonds, we will begin talks with Citibank and Deutsche Bank" in reference to the two banks, which Fodthma Baghdad to advise on the deal.
"I think in borrowing through government bond issue worth five billion dollars sold out Iraq. "
Zebari said: "The Ministry of Finance issued treasury bills for the year worth four trillion Iraqi dinars, equivalent to about $ 3.5 billion in the local market on behalf of the Ministry of Oil and may issue additional authorizations of $ 1.5 billion."
He added that "Iraq is now has the money required to pay dues to the international oil companies, "adding," I think we're going to start pay dues to the international oil companies in the first of April. "
The work of Western companies including Royal Dutch Shell, BP and Exxon Mobil in Iraq's southern fields under service includes a fixed fee to the dollar versus quantity contracts Crude additional productive.
In a related context, Brent crude below $ 53 a barrel on Wednesday, as fears of inflation shown as data indicated that US crude inventories have risen to a record level.
showed the American Petroleum Institute data showed US inventories rose 10.5 million barrels to 450 million barrels in the week ending March 13 / March.
It is due to the Energy Information Administration of the US government issued official inventory data at 1430 GMT on Wednesday.
Analysts in a Reuters poll rising inventories 3.8 million barrels.
US crude fell for April delivery / April of $ 1.52 to $ 42.21 a barrel after hitting its lowest level in six years at 42.05 earlier in the session.
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03/19/2015
Range / Reuters
Finance Minister Hoshyar Zebari said on Wednesday that Iraq is considering the issuance of international bonds worth five billion dollars and five years to cover the deficit in the budget, "noting that" Baghdad will soon begin to pay some dues foreign oil companies. "
Zebari said in an interview with "Reuters", "for government bonds, we will begin talks with Citibank and Deutsche Bank" in reference to the two banks, which Fodthma Baghdad to advise on the deal.
"I think in borrowing through government bond issue worth five billion dollars sold out Iraq. "
Zebari said: "The Ministry of Finance issued treasury bills for the year worth four trillion Iraqi dinars, equivalent to about $ 3.5 billion in the local market on behalf of the Ministry of Oil and may issue additional authorizations of $ 1.5 billion."
He added that "Iraq is now has the money required to pay dues to the international oil companies, "adding," I think we're going to start pay dues to the international oil companies in the first of April. "
The work of Western companies including Royal Dutch Shell, BP and Exxon Mobil in Iraq's southern fields under service includes a fixed fee to the dollar versus quantity contracts Crude additional productive.
In a related context, Brent crude below $ 53 a barrel on Wednesday, as fears of inflation shown as data indicated that US crude inventories have risen to a record level.
showed the American Petroleum Institute data showed US inventories rose 10.5 million barrels to 450 million barrels in the week ending March 13 / March.
It is due to the Energy Information Administration of the US government issued official inventory data at 1430 GMT on Wednesday.
Analysts in a Reuters poll rising inventories 3.8 million barrels.
US crude fell for April delivery / April of $ 1.52 to $ 42.21 a barrel after hitting its lowest level in six years at 42.05 earlier in the session.
[You must be registered and logged in to see this link.]
