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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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    Only 5 million dollars incurred by Iraq during May as a result of selling oil subsidized to Jordan..

    Rocky
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    Only 5 million dollars incurred by Iraq during May as a result of selling oil subsidized to Jordan.. Empty Only 5 million dollars incurred by Iraq during May as a result of selling oil subsidized to Jordan..

    Post by Rocky Thu 02 Jun 2022, 6:00 am


    [size=30]Only 5 million dollars incurred by Iraq during May as a result of selling oil subsidized to Jordan...an amount equivalent to Iraq's revenue within one hour!

    2022-06-02
    [/size]
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    Yes Iraq: Baghdad

    The amount of money that Iraq lost as a result of selling oil to Jordan at a subsidized price during last May amounted to more than 5 million dollars, which is equivalent to Iraq's revenues within only one hour.
    The total Iraqi oil exports to Jordan during last May amounted to 353 thousand and 973 barrels, with an export rate of 11 thousand barrels per day.
    According to Somo, the average price of crude oil exported to Jordan reached $97 per barrel during the month of May, after the start of the second month in a row that oil was exported to this country during the current year.
    The company added that "the average price of a barrel sold to Jordan amounted to 97.25 dollars," noting that "the value of imports from Jordan's oil exports during one month amounted to 34 million and 423 thousand and 874 dollars."
     
    These realized revenues are less than about $5.2 million, i.e. the total revenue was supposed to be more than $39.6 million, but the loss of the $5 million came as a result of selling oil to Jordan less than the price by about $15 per barrel, as the average selling price reached According to SOMO, a barrel of oil to the rest of the countries was more than $111 a barrel, meaning that the revenues generated were about 12% less than the assumed revenues.
     
    The revenues coming from Jordan, amounting to about 35 million dollars, amounted to 0.03% of the total total revenues obtained by Iraq during last May, which amounted to about 11.5 billion dollars.
    Yesterday, Wednesday, the Ministry of Oil announced the total oil exports and revenues achieved for the month of May, indicating that they amounted to 100 and two million, (303) thousand and (20) barrels, with revenues of (11.436) billion dollars.
     
    The 5 million dollars lost to support Jordan .. equal to Iraq's revenues within one hour!
    This represents the $5 million lost by Iraq as a result of selling oil at $15 per barrel less than the world price, equivalent to Iraq's revenues within one hour.
    According to the oil expert, Nabil Al-Marsoumi, the total oil revenues until May 2022 = 50 billion dollars, the average monthly revenue = 10 billion dollars, the daily average revenues = 331 million dollars, the average revenue per hour = 5.517 million dollars, the average revenue per minute = $92,000, rate of return per second = $1,533,000.”
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