The KRG oil in the past three Julys

2022-08-09 08:46:20
Draw Media
Oil sales in the Kurdistan Region decreased by 6.8% in July 2022 compared to July (2020).
However, the net oil revenue (handed over to the government) in July (2022) increased by 181%.
In Iraqi dinars, the amount of returned income is much larger because of the change in the value of the Iraqi dinar.
In July 2022, the total net income returned to government in dinars increased by 245%. Which means (698 billion 691 million 304 thousand 81) dinars more than the amount submitted to the Kurdistan Regional Government in July (2020).
The amount of oil sold in the Kurdistan Region in July (2020 – 2021 - 2022)
According to a report by Deloitte on (10/1/2021), the Kurdistan Regional Government (KRG) sold 13 million 238 thousand 661 barrels of oil to foreign countries in July 2020 through the Turkish port of Ceyhan.
However, according to another report by Deloitte published on March 17, 2022, the Kurdistan Regional Government sold 13 million 58 thousand 810 barrels of oil to foreign countries through the Turkish port of Ceyhan in July 2021.
Accordingly, the sale of oil in July (2021) was less than July (2020) by (1.4%) or (179 thousand 851) barrels of oil less than July 2020.
According to information in July 2022, the Kurdistan Regional Government sold 12 million 340 thousand barrels of oil through the Turkish port of Ceyhan.
Accordingly, compared to July a year earlier KRG oil sale decreased by 5.5% which was 718,810 barrels of oil less.
Compared to July 2020, sales decreased further by 6.8% or 898 thousand 661 barrels of oil less.