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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Figures reveal “strange goods” about oil in Kurdistan.. Companies milk export and transport money an

    Rocky
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    Figures reveal “strange goods” about oil in Kurdistan.. Companies milk export and transport money an Empty Figures reveal “strange goods” about oil in Kurdistan.. Companies milk export and transport money an

    Post by Rocky Tue 05 Apr 2022, 6:17 am


    [size=30]Figures reveal “strange goods” about oil in Kurdistan.. Companies milk export and transport money and leave crumbs to the regional government!

    2022-04-05
    [/size]
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    Yes Iraq: Baghdad

    In figures and data that can be described as “goods,” Deollett, a company specialized in data and professional services, went on to describe the reality of the oil sector in the Kurdistan region, and the “strange things” that surround it. Among these oddities, the region receives only 44% of the oil revenues it exports. And 56% go to other parties as extraction costs. As for the other “horrible” issue, the regional government pays large sums of money as a result of transporting oil in a pipeline, 75% of which are located mainly in Kurdish lands and only 25% in Turkish lands, where two companies share the money for the passage of oil through the pipeline Kurdish, and they are both the Kurdish company Kar, and another Russian company.
     
    Revenues and costs of the oil operation in the Kurdistan Region for the year 2021
    The international company, Deloitte, revealed its report for the year 2021 regarding auditing the quantities of sale and oil revenues of the Kurdistan Region, indicating that the region exported a total of 152 million barrels of oil through the Turkish port of Ceyhan.
    It stated that the Kurdistan region exported a total of 152 million, 1 and 154 barrels of oil last year through Ceyhan port, indicating that the average selling price was (59.4) dollars per barrel.
    The report indicated that the total revenues generated from the sold oil amounted to (9 billion, 37 million, 887 thousand and 22) dollars, and more than (5) billion of them were production expenses, and that the net revenues were approximately (4) billion dollars, which means that about (44%) of the revenues entered the treasury of the regional government. These figures show that the costs of the oil operation in the region are much more than the revenues that enter the government treasury.
    Fees for transporting oil by pipeline in 2021.
    According to Deloitte’s report, the fees for transporting one barrel of oil through the region’s oil pipeline during 2021 amounted to (6) dollars, and these high figures drew the attention of specialized observers in this field. The wages constituted (10%) of the region’s oil revenues. The (Car) Oil Company owns (40%) and (60%) of the pipeline belongs to the Russian company (Rosneft). In June 2017, the regional government sold this percentage to the Russian company for (one billion and 700 million) dollars. The length of the Kurdistan Region oil pipeline reaches (896) km. The pipeline extends within the territory of Kurdistan for a distance of (221) km, to the region of Fishkhabur near the border with Turkey. denied) ownership of this part.
    Selling oil at cheap prices compared to international market prices,
    according to Deloitte's reports, the KRG continues to sell its oil at cheap prices compared to global market prices, as it sells a barrel for less than (10 to 12) dollars a barrel.
    The region's oil and local oil refineries. 
    There are (4) official oil refineries in the Kurdistan Region. The production capacity of these refineries is 256 thousand barrels per day. However, the regional government does not supply these refineries with a sufficient amount of oil, so that it is unable to provide the necessary local needs of kerosene and oil derivatives. According to Deloitte reports, the regional government supplied oil refineries during the year 2021 with (8 million, 357 thousand and 27) barrels, i.e. (22,896) barrels of oil per day. In addition, the regional government is also selling oil to these refineries, according to Deloitte’s statistics. The government sold during 2021 (1 million 581 thousand and 979) barrels to these refineries at an average price of (57) dollars per barrel, i.e. (4 thousand and 334 barrels per day). ,. The total revenue generated amounted to (88 million and 100 thousand and 34) dollars.
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