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Kurdistan Regional Government Income for April 2022

Kurdistan Regional Government Income for April 2022

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

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