U.S. audit can’t determine how much Iraq ministries spent on capital projects ….
Plus: *Oil Ministry cracks down more on oil firms signing deals with Kurds *Kirkuk pipeline cutting short planned oil sales *Oil refineries, power plants have a bad week *Much, much more… Iraq's Oil Ministry spent $558 million on capital projects in 2007 to improve its struggling oil sector. Or $500 million. Or only $270,000. A […]Iraq's Oil Ministry spent $558 million on capital projects in 2007 to improve its struggling oil sector. Or $500 million. Or only $270,000.
A new report by the U.S. Government Accountability Office isn't sure. Its attempt to measure the Iraqi government's ability to put its capital budget into motion was frustrated by "widely disparate" numbers from the U.S. State and Treasury departments and the Iraq Ministry of Finance.
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