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Iraq says owed $1.6 billion by seven Arab states
Iraq, Economics, 4/13/1999
An Iraqi diplomatic source told ArabicNews.com today that Iraq is owed money from petroleum exports and frozen profits from joint companies and banking deposits, amounting to $578.5 million in Saudi Arabia, $442 million in Syria, $318 million in Bahrain, $188.9 million in Kuwait, $86.5 million in Somalia, and $17.5 million in the United Arab Emirates.
The source said the total of money due to Iraq totaled $1.626 billion at the end of last March.
Meanwhile, the source said that Iraqi dues in Egypt amount to $2.5 million, $1.972 million of which is in frozen profits from companies and $488,000 is in bank deposits frozen according to United Nations decisions.
Previous Stories:
UN sanctions committee recommends easing sanctions imposed on Iraq
(4/1/1999)
Iraq, Jordan communicate to establish petroleum line
(3/24/1999)
Pumping of Iraqi oil to Turkey suspended
(3/23/1999)
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