Draw Media

122,000 barrels of oil are sold daily in the Kurdistan Region, which will be given to refineries at a price of $40 per barrel and Its monthly revenue is (212) billion dinars. However, this income is unknown and it has not been announced.

After the decision of the International Court of Arbitration in Paris and the suspension of oil exports from the Kurdistan Region on March 25, 2023, oil production and sales continue in several oil fields in the Kurdistan Region.
According to the investigations of (Draw Media) currently in some oil fields in the Kurdistan Region of Iraq, oil production and sales continue. The Kurdistan Regional Government (KRG) is paying $30 to $35 less than the world price of oil to oil refineries in the Kurdistan Region.
Ali Hama Salih, former chairman of the Kurdistan Parliament's Energy and Natural Resources Committee, told Draw Media that, "Some of the oil from the oil fields that is sold domestically, selling for $250 to $300 a ton (that is $40 a barrel)
Some of it is given to the official refineries (Lanaz and Kar) and some of it is sold to the unofficial refineries.
Yadgar Sadiq Galali, the head of Roonbin Organization for Transparency in Oil Processes, explained the sale of oil in the Kurdistan Region in detail to Draw Media, "48 hours after the halt in oil exports, oil field storages were full", Because the oil storage infrastructure in the Kurdistan Region is very weak, only (Sarsang and Taqtaq) fields have very high storage levels.
Taqtaq used to produce 146,000 barrels of oil, but now it produces only 3,610 barrels.

• There are (5) refineries in the Kurdistan Region
• Two refineries in Sulaimani province (Bazian refinery) has a refining capacity of (40) thousand barrels. Dukan refinery has a production capacity of 25,000 barrels.
• There are two refineries in Erbil, Kar refinery has a refining capacity of (170) barrels, Lanaz refinery has a production capacity of (100) thousand barrels of oil.
• There is a refinery in Duhok province belonging to DNO with a production level of 6,000 barrels per day.
• This means that all five refineries in the Kurdistan Region have the capacity to refine 300,000 barrels of oil per day.
Also, a total of 122,000 barrels of oil are sold daily, at a price of about $40 per barrel.
That is, the total monthly revenue of the oil (122,000 * 40 * 30 = 146,400,000 dollars, or (212 billion 280 million) dinars.
The Kurdistan Regional Government (KRG) has sold some of the oil from the oil fields in the Kurdistan Region for more than 80 days since the March 25, but the revenue has not been declared and paid to the Ministry of Finance.