Iraq Dinar Speculation

You have to love how politics work in Iraq.

A short time ago this month, Iraqi Oil Minister Hussain al-Sharistani said his ministry would not pay oil companies like Norway’s DNO International, Toronto-listed Addax Petroleum and Turkey’s Genel Enerji under any circumstances.

Ashti Hawrami will make sure oil companies get paid, Sharistani can stuff it.

However, Ashti Hawrami said today that Sharistani can basically stuff it, because he’s not in charge of those payments in the first place! Quotes:

Very simply … Shahristani is not in charge of money. The money does not go to the Oil Ministry, it goes to the Finance Ministry. It’s an academic comment, and he can make as many comments as he wishes

Also:

I’m confident they will be paid, I can guarantee it. That’s my simple answer. How we square that with the Finance Ministry and other people, that’s a different matter.

Related posts:

1. Iraq losing MILLIONS per day due to oil export bans
2. Kurds get approval to export oil
3. April 19 2009 – Iraq Stock exchange goes digital!
4. Iraq considering IMF loan and 3rd extension of SBA
5. Oil Minister of Iraq asked to Step Down

This entry was posted on Thursday, June 18th, 2009 at 3:27 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.