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# The Kurdistan Region sold 72 million barrels of oil through pipelines in the first six months of this year, worth $6.805 billion

# Oil revenue in the first quarter (3 billion 63 million) dollars and in the second quarter (3 billion 789 million) dollars

# Oil sales revenue increased by $726 million in the second quarter.

# Revenue from oil sales to refineries decreased by (168%) and the amount of (21 million 609 thousand) dollars.

# Oil processing costs increased by 2.5% from 56% to 58.5%.

# Returns to the KRG treasury increased by $228 million and 144 thousand compared to the first quarter.

Comparison of Kurdistan Regional Oil in the first and second quarters of 2022

1. Difference in oil sales in the first and second quarters of 2022

The Kurdistan Regional Government (KRG) sold 34 million 932 thousand 168 barrels of oil through pipelines in the first quarter of this year, but in the second quarter it sold 37 million 618 thousand 577 barrels of oil through pipelines. Accordingly, in the second quarter sold (2 million 686 thousand 409) barrels more compared to the first quarter.

However, the amount of oil sold to domestic refineries in the first quarter was (409 thousand 37) barrels and in the second quarter was (237 thousand 475) barrels of oil, Accordingly, the amount of (171 thousand 562) barrels sold to the domestic refineries, which means (42%) less.

2. The difference in oil prices in the first and second quarters of 2022

The total value of oil sold through the pipeline in the first quarter of 2022 was $3 billion 28 million 903 thousand However, the total value of oil sold through the pipeline in the second quarter of 2022 was $ 3 billion 776 million 446 thousand. Accordingly, oil revenues increased by $747 million 542 thousand 754 in the second quarter compared to the first quarter.

Revenue from oil sales to domestic refineries in the first quarter of 2022 was $34 million 453 thousand 394, but in the second quarter the value fell to $12 million 844 thousand 28. It decreased by 168% and 21 million 609 thousand 366 dollars.