Member of the Parliamentary Oil Committee, MP for Wasit, Bassem Naghaimish Al-Gharibawi, confirmed that the delay in the procedure for signing the fifth licensing round for joint oil fields with neighboring countries caused losses to Iraq that exceeded 20 billion dollars.

Al-Gharibawi told the National Iraqi News Agency (NINA) that the countries sharing with Iraq in these fields (Iran and Kuwait) worked to invest the resources of the fields over the years, which caused these losses. He added that this tour was supposed to be the first or the second, due to its importance in enhancing the national economy of Iraq's dependence on oil revenues almost completely.

Source: National Iraqi News Agency