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Archive Home > 2008 > October > 18 > Billions in oil profits mired in Iraq’s ministries

Billions in oil profits mired in Iraq’s ministries

By Mary Beth Sheridan / The Bulletin
October 18, 2008

BAGHDAD — Qassim Frez, a senior Iraqi civil servant, has a problem officials in Washington might envy. Iraq has piled up tens of billions of dollars from oil sales, and its bureaucrats are struggling to spend the windfall.

“It is very, very difficult for the....

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