🔻 The Kurdistan Regional Government has sold (34) million barrels through pipelines.

🔻 The average price of the oil sold was (86.7) per barrel.

🔻 The total oil revenue for the first three months of 2022 is 1 billion 343 million) dollars.

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Deloitte has released its audit report on the oil and gas sector in the Kurdistan Region for the first quarter of 2022:

🔹 The Kurdistan Region has exported about 36.5 million barrels of crude oil through pipelines to world markets in the past three months.

🔹 Crude oil exported by pipeline was 36 million 453 thousand 590 barrels.

 🔹 sales to refineries were 284 thousand 436 barrels

🔹 total exports and consumption was 39 million 88 thousand 710 barrels.

🔹Analyzed the sale of crude oil exported by pipeline, 34 million 923 thousand 168 barrels of crude oil were transported to buyers, the average price obtained for one barrel of oil sold, was 86,730 dollars.

🔹The report said that the loan of Turkish Energy Company (TEC) and Turkish Petroleum International Company (TPIC) was $ 125 million

 🔹The net cash balance received by the Kurdistan Regional Government (KRG) during the sale of oil and related activities was 1 billion 343 million 481 thousand 232 dollars during the three months.

Export and consumption of oil

🔹Crude oil exported by pipeline: 36,453,590 barrels

🔹Crude oil corrected for refining by the Ministry of Natural Resources: 2,226,083 barrels

🔹Sales to refineries: 284,436 barrels

🔹Local sales: 124,436 barrels

🔹Total exports and consumption was 39,088,710 barrels

Analysis of sales of exported crude oil by pipeline

🔹Crude oil transported to buyers: 34,923,168 barrels

🔹Total value of crude oil sold: 3,0228,903,497 US dollars

🔹Average price of oil sold: 86.730 dollars

🔹Total value of crude oil and condensate sold (exported through pipelines and local sales: 3,063,356,891 US dollars

🔹Change in customer account receipts: 175,114,220 US dollars

🔹Interest, other fees and deposits: 58,300,940 US dollars

🔹Payment for financial entitlements of oil producers: 1,022,935,075 US dollars

🔹Payment for Turkish Energy Company tariff: 127,455,135 US dollars

🔹Amount of money paid to Kurdistan Pipeline Company (KPC) according to the pipeline concession agreement: 122,165,292 US dollars

🔹Loan of Turkish Energy Company (TEC) and Turkish Petroleum International Company (TPIC): 125,000,000 US dollars

🔹Payments to third parties paid by or on behalf of the Kurdistan Regional Government: 88,544,997 US dollars

🔹Net cash balance received by the Kurdistan Regional Government during the sale of oil and related activities: 1,343,841,232 US dollars