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


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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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    Why does Iraq pay 16 billion dollars to oil-extracting companies?.. Reasons and statistics

    Rocky
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    Why does Iraq pay 16 billion dollars to oil-extracting companies?.. Reasons and statistics Empty Why does Iraq pay 16 billion dollars to oil-extracting companies?.. Reasons and statistics

    Post by Rocky Thu 12 Jan 2023, 4:04 am

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    [size=35][size=35]Why does Iraq pay 16 billion dollars to oil-extracting companies?.. Reasons and statistics[/size]
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    Alsumaria News - Economy Economic

    statistics suggested today, Thursday, that Iraq will pay $16 billion to foreign companies during the current year as the cost of oil extraction if its exports reach $80 billion.


    Duraid Abdullah, a researcher and expert in the field of energy, said in a statement to the official newspaper, "Exports[You must be registered and logged in to see this link.]of crude oil during the past year amounted to one billion and 209 million barrels, at a value of 115 billion and 5 million,” indicating that “foreign companies extracted about 70% of the exported oil, with an extraction cost rate that amounted to about 20% of the selling price,” pointing out that “[You must be registered and logged in to see this link.]He demands that he pay the aforementioned companies extraction costs amounting to 16 billion dollars during this year in the event that his exports reach 80 billion dollars.





     
    Abdullah noted that "the highest imports he obtained[You must be registered and logged in to see this link.]During the past year, it was in the months of May and June, when it amounted to about 11 billion and 505 million dollars.
     
    Abdullah explained that "to date, the country's oil imports have not reached the level it reached in January of 1980, when it was issued[You must be registered and logged in to see this link.]At that time, 93% of its oil production amounted to 98 million barrels at a price of 35 dollars and 35 cents, i.e. monthly revenues amounted to 3 billion and 47 million dollars.
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    The expert pointed out that “by calculating the inflation of the dollar from then until 2023, it appears that imports[You must be registered and logged in to see this link.]The monthly amount of oil had reached 12 billion and 45 million dollars at current year prices, with the difference that the population at that time amounted to 13 million people.
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