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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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    "Missing since 2022".. Oil expert: Kurdistan's oil revenues were not recorded in the treasury

    Rocky
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    "Missing since 2022".. Oil expert: Kurdistan's oil revenues were not recorded in the treasury Empty "Missing since 2022".. Oil expert: Kurdistan's oil revenues were not recorded in the treasury

    Post by Rocky Thu 03 Aug 2023, 4:25 am

    "Missing since 2022".. Oil expert: Kurdistan's oil revenues were not recorded in the treasury
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    Baghdad today - Kurdistan
    Today, Thursday (August 3, 2023), the expert on oil affairs, Bahjat Ahmed, revealed that the Kurdistan Regional Government has allocated 4 million barrels to local refineries to sell them at subsidized prices, while noting that Kurdistan's oil revenues were not recorded in the treasury.
    "Massive" local production
    Ahmed said, "The government in the region produces oil derivatives through local refineries and sells them to the citizen, but the revenues obtained from selling the derivatives are not yet known where they go," noting that "3 million liters of local fuel are produced daily."
    He added, "The regional government allocated more than 4 million barrels of oil only in the first quarter of the year to local refineries for the purpose of distributing derivatives to the provinces of Kurdistan at subsidized prices."
    "missing" revenue
    And the oil expert confirmed, in a statement to "Baghdad Today", that "the revenues of oil derivatives have been missing since 2022 until the first half of 2023, and the revenues from the sale of oil derivatives have not been entered into the treasury of the Kurdistan region."
    In numbers, the value of the region's oil exports 
    Earlier, Deloitte revealed that the value of oil exports to the Kurdistan region during the first quarter of this year 2023 exceeded two billion dollars.
    According to the data issued by the company recently, which included the quantities of production, export and domestic consumption, the total oil production during the aforementioned period amounted to 36 million 723 thousand 475 barrels, and exports amounted to 32 million 307 thousand 382 barrels, while the amount allocated to refineries amounted to 4 million 39 thousand And 232 barrels, and the amount of domestic sales amounted to 376 thousand and 861 barrels.
    The company's data indicated that the total oil revenues in the Kurdistan region amounted during the first quarter of this year to 2 billion 199 million 684 thousand 396 dollars, noting that the average price of a barrel of oil amounted to 67.639 dollars, including the revenues of oil sold in the local markets amounting to 22 million dollars. And 98 thousand and 456 dollars, at an average price of 58.638 dollars per barrel.
    According to the company's data, the costs of oil production in the first quarter of this year amounted to one billion and 253 million and 187 thousand and 254 dollars, while the net revenues of the government, which were allocated to pay the salaries of employees, amounted to 946 million and 497 thousand and 142 dollars.
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