Iraq News - Local News - Baghdadpost

Iraq pays a $44.4-million debt to Mass Group Holding

Electric Power Plant
Iraqi cabinet approved Sunday a $44.4 million for Ministry of Oil to pay its dues to the electricity company "Mass Group Holding Ltd.".

The dues will be equivalent to the oil world price in 2017, where the contract was signed.

Mass Group Holding Ltd. invests in several energy projects in Iraq, including building Besmaya power plant, and further projects in Kurdistan Region.