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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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    Iraq has not benefited from the “highest historical oil revenue.” 70% of it is sent abroad for impor

    Rocky
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    Iraq has not benefited from the “highest historical oil revenue.” 70% of it is sent abroad for impor Empty Iraq has not benefited from the “highest historical oil revenue.” 70% of it is sent abroad for impor

    Post by Rocky Sat 02 Jul 2022, 5:46 am


    [size=30]Iraq has not benefited from the “highest historical oil revenue.” 70% of it is sent abroad for import, and the rest is distributed as salaries and development is “absent.”

    2022-07-02
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    Yes Iraq: Baghdad

    Two months after the last announcement of achieving the highest historical monthly revenue for Iraq as a result of selling oil last March, Iraqi oil sales broke a new record in revenue last June, while these high sales came as a result of a slight increase in the price of a barrel of oil approaching from 6 to 8 dollars per barrel. .
    In fact, Iraq records the highest historical monthly revenue from oil sales in 4 months in a row, thanks to this matter due to the rise in oil prices to historical figures that exceeded 100 dollars per barrel.
    Last March, the price of a barrel of oil was more than $110 and exported 3.2 million barrels per day. The highest revenue in more than 50 years was achieved, amounting to $11 billion. In April, revenues declined slightly despite the export of 3.3 million barrels per day, but prices were It fell to 104 dollars a barrel, and revenues were 10.5.
    In May, exports were 3.3 million barrels per day as well, at a price of $112 a barrel. Revenues came to break the record in March, reaching $11.47 billion, while the Ministry of Oil announced the following day, the initial revenues for June, which broke a new record of 11.5 billion dollars by exporting 3.37 million barrels. per day, at a price of $113 per barrel.
    It is noted that the increase in the price of a barrel by one dollar adds more than 3.3 million dollars per day, or nearly 100 million dollars per month. .
     
    This huge accumulation of financial revenues comes at a time when Iraq is witnessing the exodus of 24 million dunums of its lands from the agricultural area and it has become desertified, and the animal revolution has begun to “extinct”, according to the statements of the agricultural associations, as a result of drought in various cities of Iraq, especially the marshes, while about a quarter of One billion dollars a day abroad for the purpose of imports, which represents about 70% of the daily Iraqi oil sales, as the daily revenues amount to 350 million dollars (11 billion per month), while about 250 million dollars are transferred daily abroad for the purpose of importing, as well as the increase in the rest of the problems from The rate of crime, suicide, divorce and drug abuse.
     
    During the first half of this year, Iraq's revenues amounted to 61.5 billion dollars, equivalent to 89 trillion dinars, according to oil expert Nabil Al-Marsoumi, who indicated that "however, part of it will not be invested, neither in creating a sovereign fund nor in modernizing and diversifying the economy."

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