[size=36]Oil: Iraq's budget incurs losses estimated at 5 trillion dinars annually[/size]
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The ministry said in a statement that Mawazine News received a copy of it, that financial losses incurred by the state budget amount to five thousand billion dinars annually as a result of not exporting all produced quantities of fuel oil (black oil) or selling it according to the prices of the international bulletin, as well as allocating part of it to equip traders. And (factory owners) at a subsidized price.
The statement added, that the current price of a ton of fuel oil (black oil) according to the global bulletin is (900 thousand dinars), while the oil products distribution company is preparing black oil for local factories and factories producing oxidized asphalt at a price of (300 thousand dinars) per ton, and for owners of factories. Bricks at a price of (100 thousand dinars) per ton. Ended 29/R77