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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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    In numbers, an expert explains what happened to the Iraqi refineries in 2022 and the impact of Artic

    Rocky
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    In numbers, an expert explains what happened to the Iraqi refineries in 2022 and the impact of Artic Empty In numbers, an expert explains what happened to the Iraqi refineries in 2022 and the impact of Artic

    Post by Rocky Sat 10 Jun 2023, 4:04 am

    [size=35][size=35]In numbers, an expert explains what happened to the Iraqi refineries in 2022 and the impact of Article 42 on the budget[/size]
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    Economy

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    2023-06-10 | 04:07
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    Alsumaria News - Economy

    Today, Saturday, June 10, 2023, economist Nabil Al-Marsoumi revealed information and numbers about Iraqi refineries in the past year 2022, while explaining the impact of Article 42 of the 2023 budget law.


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    Al-Marsoumi said in a post entitled "Information about Iraqi refineries in 2022," followed by[url=https://www.alsumaria.tv/Entity/133473/%D8%A7%D9%84%D8%B3%D9%88%D9%85%D8%B1%D9%8A%D8%A9 %D9%86%D9%8A%D9%88%D8%B2/ar/]Alsumaria News[/url], that "most of the Iraqi refineries are old, established in the seventies and eighties."

    He added, "What will happen in 2022 is as follows:




    * Actual production = 650 thousand barrels per day
    * Oil derivatives exports = $ 3.971 billion, 80% of which is black oil
    * Import of oil derivatives = $ 5.299 billion
    * Trade balance of oil derivatives = - 1.328 billion dollars
    * Price of a barrel of crude oil sold to refineries = 10.5 thousand Dinars
    * The price is expected to rise after approving the budget to 18 thousand dinars
    * Selling price of gasoline from refineries to distribution = 250 dinars per liter
    * Selling price of kerosene from refineries to distribution = 225 dinars per liter
    * Selling price of black oil = 100 dinars per liter
    *a class[url=https://www.alsumaria.tv/Entity/3238106360/%D9%88%D8%B2%D8%A7%D8%B1%D8%A9 %D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9/ar/]Ministry of Finance[/url]Of the profits = 45%

    - Article 42 of the 2023 Budget Law,
    and the economist stated that “increasing the price of the barrel supplied to the refineries and their bearing the new taxes in Article 42 of the 2023 Budget Law leads not only to the disappearance of profits, but rather to their transfer to loss-making companies dependent on the general budget and stopping or The delay in developing programs, as well as the disappearance of incentives and the profits and losses of its employees[url=https://www.alsumaria.tv/Entity/3238106360/%D9%88%D8%B2%D8%A7%D8%B1%D8%A9 %D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9/ar/]Ministry of Finance[/url]For its share in the profits, and if it is required to liberate the prices of crude oil supplied to refineries and sell them to them at the international price, then it is also supposed to liberate the prices of oil derivatives in the Iraqi market, which will lead to a huge rise in their prices, and the price of one liter of regular gasoline may reach 2,000 dinars, which will lead to unbridled inflation. And a significant rise in internal prices, and severe damage to the living standards of citizens.
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