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On Sunday, Iraqi Oil Minister Ihssan Abdul-Jabbar announced the freezing of the pre-payment agreement for the sale of crude oil, which began work on it about two months ago.
He said in press statements, “Iraq decided to freeze the pre-payment agreement for crude oil, which was aimed at boosting its revenues due to improved crude prices and the stability of its market.”
He added, “With the beginning of this year and the economic stability resulting from the stability of oil prices, we decided to freeze this attempt and freeze this option, and we have not done it until today.”
Source: RT
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