Kurdistan Regional Government Revenue for September

2022-10-05 14:32:22
Draw Media
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.