The Kurdistan Regional Government (KRG) sold more than 10 million barrels of oil last month.

The price of a barrel of oil was $79. The total revenue was (1 trillion and 191 billion) dinars, of which (667) billion dinars for expenditures and (524) billion dinars for the government treasury.

non-oil income

• The Kurdistan Regional Government's non-oil revenues for November = (287 billion) dinars (according to the Minister of Finance)

• Coalition assistance to Peshmerga forces = (31 billion 500 million) dinars

• Kurdistan Regional Government's share in the Iraqi budget = (0) dinars

Oil revenues (external exports)

• The Kurdistan Region exported 10 million 345 thousand barrels of oil in November 2022.

• ($91.42) is the price of Brent crude for November.

• Because the region sells its oil at $12 less, it means that it has sold an average of $79.42.

So: (10 million and 345 thousand) barrels X (79.42) dollars = (821 million 599 thousand 900) dollars.

It is: (821 million 599 thousand 900) dollars X (1450) dinars = (1 trillion 191 billion 139 million 855 thousand) dinars.

• According to Deloitte's latest report (56%) of oil revenues go to expenditure and (44%) will remain to the Ministry of Natural Resources.

- So: (821 million 599 thousand 900) dollars X (56%) = (460 million 95 thousand 944) dollars go to the oil process.

- (821 million 599 thousand 900) dollars X (44%) = (361 million 503 thousand 956) dollars remain.

Total revenue in November 2022 (Dinar)

(524 billion 180 million 736 thousand 200) oil revenue + (287 billion) domestic revenue + (31 billion 500 million) coalition = (842 billion 680 million 736 thousand 200) dinars