Middle East Economic Survey
CPA Allocates $1.3Bn To Oil Ministry
The Coalition Provisional Authority (CPA) has allocated $1.34bn to the Iraqi Ministry of Oil, according to information posted on the CPAs website. It is understood that approximately half of this amount has already been disbursed. The money was appropriated from the Development Fund for Iraq which is administered solely by the CPA and has cash flow from the countrys oil revenue, oil-for-food proceeds...