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[size=36]Political alliance: Iraq lost about three billion dollars as a result of selling the region's oil away from SOMO[/size]
Economie| 02:20 - 10/12/2021
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Baghdad - Mawazine News
, the National Approach Alliance confirmed, today, Friday, that Iraq lost nearly 3 billion dollars as a result of selling Kurdistan region oil away from the Iraqi Oil Marketing Company during the first half of 2021 only.
And the coalition, Mazen Al-Faili, said in a statement received by Mawazine News, a copy of it, that the report of the data of the international auditing company (Deloitte) showed that the region’s export of oil away from the outlet of the Iraqi Oil Marketing Company (SOMO) cost Iraq during the first six months of 2021 losses worth ( 720) million dollars only for the difference in the price sold by the region lower than the selling price of the national company (SOMO), in addition to a loss of more than (2) billion dollars that goes to pay the dues of the foreign oil companies contracting with the region, so the total loss incurred by the Iraqi economy during In the first half of 2021, the result of this operation is more than (2.7) billion dollars.
” The statement added that for more clarification in the points below:
1. During the first half of 2021, the region exported approximately (77) million barrels.
2. The average export price of Iraqi oil during the first half of 2021 amounted to (53.4) dollars per barrel, while the average price of Iraqi oil exports through (SOMO) amounted to (62.8) dollars per barrel during the same period.
3. The total revenues obtained from exporting these quantities during the first half of 2021 amounted to (4.1) billion dollars.
4. After making payments to oil producers and pipeline operators and making payments to buyers, the KRG retained net revenues from crude oil sales of approximately $1.7 billion.
5. How did the Iraqi parliament vote on a formula in the 2021 budget that allowed these huge losses in national revenues lost by all Iraqis, including the citizens of the Kurdistan region
6. Through these data, we stress the need to take a firm national decision to cancel the partnership contracts concluded by the region with foreign companies and replace them with new formulas that benefit the national economy through the federal authority, while recalling another important demand related to canceling licensing rounds in the southern governorates to end the injustice against Iraq and its economy. Ended 29/A 4
, the National Approach Alliance confirmed, today, Friday, that Iraq lost nearly 3 billion dollars as a result of selling Kurdistan region oil away from the Iraqi Oil Marketing Company during the first half of 2021 only.
And the coalition, Mazen Al-Faili, said in a statement received by Mawazine News, a copy of it, that the report of the data of the international auditing company (Deloitte) showed that the region’s export of oil away from the outlet of the Iraqi Oil Marketing Company (SOMO) cost Iraq during the first six months of 2021 losses worth ( 720) million dollars only for the difference in the price sold by the region lower than the selling price of the national company (SOMO), in addition to a loss of more than (2) billion dollars that goes to pay the dues of the foreign oil companies contracting with the region, so the total loss incurred by the Iraqi economy during In the first half of 2021, the result of this operation is more than (2.7) billion dollars.
” The statement added that for more clarification in the points below:
1. During the first half of 2021, the region exported approximately (77) million barrels.
2. The average export price of Iraqi oil during the first half of 2021 amounted to (53.4) dollars per barrel, while the average price of Iraqi oil exports through (SOMO) amounted to (62.8) dollars per barrel during the same period.
3. The total revenues obtained from exporting these quantities during the first half of 2021 amounted to (4.1) billion dollars.
4. After making payments to oil producers and pipeline operators and making payments to buyers, the KRG retained net revenues from crude oil sales of approximately $1.7 billion.
5. How did the Iraqi parliament vote on a formula in the 2021 budget that allowed these huge losses in national revenues lost by all Iraqis, including the citizens of the Kurdistan region
6. Through these data, we stress the need to take a firm national decision to cancel the partnership contracts concluded by the region with foreign companies and replace them with new formulas that benefit the national economy through the federal authority, while recalling another important demand related to canceling licensing rounds in the southern governorates to end the injustice against Iraq and its economy. Ended 29/A 4
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