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Kurdistan Regional Government Revenue for September

2022-10-05 14:32:22

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The total revenue of the Kurdistan Regional Government in September was (1 billion and 28 million) dollars, but what returned to the KRG treasury was only (452 ​​million) dollars.
Non-oil revenues
• Non-oil revenues for September = (287 billion) dinars (according to the latest statements of the Minister of Finance)
• Coalition assistance to the Peshmerga forces = (31 billion 500 million) dinars
• Kurdistan Region's share of the Iraqi budget = (0) dinars

Oil revenues (pipeline exports)
• In September 2022, the Kurdistan Region exported 13 million 220 thousand barrels of oil through the Turkish Port of Jayhan.
• The average price of Brent oil for September is $ 89.79
• Because the region sells its oil at $12 less, it sells oil at an average of $ 77.79
So: (13 million 220 thousand) barrels X (77.79) dollars = (1 billion 28 million 383 thousand 800) dollars.
• According to the latest Deloitte report, 56% of oil revenues goes to the oil process expenditure and 44% remains for the KRG.
- So: (1 billion 28 million 383 thousand 800) dollars X (56%) = (575 million 894 thousand 928) dollars goes to the cost of the oil process
- (1 billion 28 million 383 thousand 800) dollars X (44%) = (452 ​​million 488 thousand 872) dollars returned to the government treasury.

 

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