[size=36]The National Approach: Iraq loses 75 billion dinars annually as a result of selling reduced oil to Jordan[/size]
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The National Approach Alliance revealed, on Saturday, that Iraq incurred significant losses as a result of selling oil to Jordan at less than the international price, stressing that the price difference amounted to 75 billion dinars, while that amount is sufficient to employ 21,000 unemployed people.
Member of the coalition, Mazen Al-Faili, said in a statement received by Mawazine News, a copy of it, that "according to the Ministry of Oil bulletin, Iraq's oil sales to Al-Samoud Refinery in Jordan last October were equal to (310) thousand barrels at a total price of twenty million dollars, which means that the price of A barrel is equal to (64.5) dollars, while the price of oil sold by Iraq in the world markets during the same month amounted to (79.3) dollars per barrel, meaning that oil was sold to Jordan less than the world market price by approximately (14) dollars per barrel of oil So that the total price difference of what Iraq sold to Jordan in the month of October alone is equal to (4.3) million dollars.
He added, "If we calculate the same quantity rate and the selling price decreases from the global market price for a whole year, the result will be Iraq's loss as a result of selling oil to Jordan at less than the world market price (52) million dollars, which is equivalent to (75) billion dinars annually."
Al-Faili explained that "this amount is sufficient to employ (21) thousand Iraqi youth with a monthly salary of (300,000) dinars for a whole year, or sufficient to cover a scholarship for university students of the amount (one hundred thousand) per month for a whole year for more than (60) thousand students." Ended 29/A 4