Kurdistan Regional Government Income for April 2022
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2022-05-08 12:35:26
Non-oil income
•The region's non-oil revenues for April = (164 billion) dinars (which will be spent on salaries)
• Coalition Financial aid for Peshmerga forces = (31 billion 500 million) dinars
Oil revenues (pipeline export)
• The Kurdistan Region exported 13 million and 616 thousand barrels of oil through the Turkish port of Jayhan in April 2022.
• The average price of Brent oil for April was $ 104.58.
• Because the region sells its oil for less than $12, The average price of KRG oil for April was.$92.58.
So: (13 million and 616 thousand) barrels X (92.58) dollars = (1 billion, 260 million, 569 thousand and 280) dollars.
In Iraqi dinar is: (1 billion, 260 million, 569 thousand and 280) dollars X (1450) dinars = (1 trillion 827 billion, 825 million and 456 thousand) dinars.
• According to Deloitte's latest report, 56% of oil revenues will go to the production expenses and 44% remains for the Ministry of Natural Resources.
- So: (1 billion, 260 million, 569 thousand and 280) dollars X (56%) = (705 million, 918 thousand and 797) dollars go to the oil process costs.
It means in dinar: (705 million, 918 thousand and 797) dollars X (1450 dinars = (1 trillion, 23 billion, 582 million and 255 thousand and 360) dinars is oil expenditure.
- (1 billion, 260 million, 569 thousand and 280) dollars X (44%) = (554 million, 650 thousand and 483) dollars of the income will remain in April.
Oil revenue in Dinar is 554 million, 650 thousand-, and 483-dollars X (1,450) dinars= (804 billion, 243 million, 200 thousand, and 640) dinars.
Total income in April 2022 (in dinar)
• (804 billion, 243 million, 200 thousand and 640) oil income + (164 billion) non-oil income + (31 billion 500 million) from allies = (999 billion, 743 million, 200 thousand and 640) dinars
