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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


Kurdistan Region announces the difference in the price of its oil with “SOMO” and the size of its de

rocky
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Join date : 2012-12-21

Kurdistan Region announces the difference in the price of its oil with “SOMO” and the size of its de Empty Kurdistan Region announces the difference in the price of its oil with “SOMO” and the size of its de

Post by rocky Sun 25 Sep 2022, 6:49 am

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[size=52]Kurdistan Region announces the difference in the price of its oil with “SOMO” and the size of its debts to international companies[/size]

[size=45]The Kurdistan Regional Government is fully committed to the constitutional and legal principles in selling oil[/size]
[size=45][You must be registered and logged in to see this image.][/size]
[size=45]The Assistant Prime Minister of Kurdistan Regional Government for Financial Affairs, Ribaz Hamlan, said Saturday that the region is now selling its oil at a price less than the Iraqi Marketing Company (SOMO) by only three dollars.[/size]
[size=45]Oil sales in the second quarter of this year amounted to more than 37,618,000 barrels, at an average price of $100.38 a barrel, according to a report published by the regional government after auditing by Deloitte International.[/size]
[size=45]Hamlan said in an interview with Kurdistan 24, that the Kurdistan Region has made great progress in the field of selling oil to international markets, pointing out that it is now selling at a price less than three dollars from the SOMO Company, indicating that the region's oil was previously sold at a much lower price than it is now.[/size]
[size=45]He added that the ninth cabinet has so far paid more than two billion dollars to international companies, stressing that the government still owes these companies about five billion dollars.[/size]
[size=45]Hamlan spoke about the government's efforts regarding salary financing, saying that about 48 percent of oil revenues are allocated to the salaries of Kurdish employees, while the allocation was not more than 30 percent in the past.[/size]





[size=45]Regarding the withdrawal of international oil companies due to the decision of [You must be registered and logged in to see this link.] , Hamlan said, "No company has withdrawn...the companies are engaged in the production and sale of oil."[/size]
[size=45]Hamlan stressed that the Kurdistan Regional Government is fully committed to the constitutional and legal principles in selling oil, describing all pressures exerted on the region as "unconstitutional."[/size]
[size=45]According to a Deloitte report, the total revenues of the Kurdistan Region from oil in the second quarter of this year amounted to three billion and 776 million dollars.[/size]
[size=45]The total value of the oil sold amounted to about three billion and 789 million dollars, of which more than 2.217 billion dollars were spent on paying off debts and oil production and sales expenses.[/size]
[size=45]The total net revenues returned to the government treasury amounted to more than 1.571 billion dollars, which will be allocated to finance salaries and project implementation.[/size]
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    Current date/time is Sun 27 Nov 2022, 8:47 pm