The Council of Ministers approves an increase in the capital of three companies in the Ministries of Oil and Industry

Council of Ministers
 
07/24/2021

Economy News - Baghdad

On Saturday, the Council of Ministers approved increasing the capital of some public companies affiliated with the Ministries of Oil, Industry and Minerals.

According to a statement by the Council seen by "Al-Iqtisad News", the Council agreed to "increase the capital of public companies installed below, approved by the Federal Financial Supervision Bureau, and the Capital Determination Committee in the Ministry of Finance, based on the provisions of Article (10) of the Public Companies Law. (22 for 1997) amended, according to the following:

First - The Iraqi Oil Tanker Company is one of the formations of the Ministry of Oil with an amount of (131,8291,7503) dinars, only one hundred and thirty-one billion and eighty-two million and nine hundred and seventeen thousand five hundred and three dinars.

Second - Diyala State Company, one of the formations of the Ministry of Industry and Minerals, with an amount of (413,7580,9561) dinars, only forty-one billion, three hundred and seventy-five million, eight hundred and nine thousand, five hundred and sixty-one dinars.

Third - Ur State Company, one of the formations of the Ministry of Industry and Minerals, with an amount of (46 billion) dinars, only forty-six billion dinars.

The Cabinet directed "the Ministries of Oil, Industry and Minerals to take the necessary measures to implement the above." 

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