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NAO: Finance Ministry’s Aramco Payments were Overdue, Interests as a Result Reached 722000 BD

2017-12-08 - 12:20 am

Bahrain Mirror: The National Audit Office report for the years 2016-2017 stated that the Ministry of Finance's payments to Aramco company for the state's crude oil were overdue.

The report revealed that this delay in payment caused the state 722000 BD loss due to the interests imposed on overdue payments based on the contract signed with the company, which puts additional burdens on the state that can be avoided by paying on time.


Arabic Version


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