He revealed a letter from the Iraqi government to the oil companies

by **claud39** Tue Nov 24, 2020 12:58 pm

11/24/2020

(Baghdad: Al Furat News) According to the agency, Bloomberg, which specializes in economics, on Tuesday, Iraq is demanding two billion dollars in exchange for the value of its oil sales to alleviate the financial crisis, while it indicated that Baghdad had reached despair in providing financial liquidity.

The agency said, in a report: "Iraq is combating the economic crisis caused by low oil prices and the reduction in OPEC + production, with dwindling state coffers and non-payment of salaries of employees."

The agency added, "The Iraqi government has sent a message to the oil companies in their endeavor to alleviate the financial crisis, by proposing a five-year supply contract that provides 4 million barrels per month, or about 130 thousand barrels per day."

"This proposal will pay the buyer up front for one year of supply, which, at current prices, will bring in just over $ 2 billion," according to Bloomberg calculations.

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