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KRG's oil income has increased by %59 between October 2020 and Oct 2021.

In Oct 2020, when the oil price rate was ($40), KRG has sold its oil for ($503,508,000), but in Oct 2021, the oil price rate was (83$), and the KRG has sold its oil for ($987,921,818)

Oct 2020

In October 2020, The Kurdistan Regional Government (KRG) exported (13,320,000) barrels of oil to (Italy, Greece, Croatia, Singapore, Egypt), while the price of one barrel of Brent oil was nearly ($ 40.19), which means KRG's oil income was ($503,508,000) in that month.

In Oct 2020, the price of one USD was (1180) Iraqi dinar in the Central Bank of Iraq. According to this, KRG has received (625,999,440,000) IQD from oil.

Oct 2021

In October 2021, The Kurdistan Regional Government (KRG) exported (11,825,734) barrels of oil to (Italy, Greece, Croatia, Israel, Spain). In October, the price of one barrel of Brent oil was nearly ($83.54), which means that KRG's value of sold oil was ($987,921,818).

In Oct 2021, the price of one USD was (1450) Iraqi dinar in the Central Bank of Iraq. According to this, KRG has sold out oil for the value of (1,432,486,636,622)ID.

Comparison between Oct 2020 and Oct 2021

First: The amount of exported oil

-KRG in Oct 2020 has exported the amount of (13,320,000) barrels of oil, but in Oct 2021, KRG has exported (11,825,734) barrels of oil.  This means (1,494,266) barrels have decreased and its 13% decrease of exportations.

Second: Oil income

- In Oct 2020, the rate of oil price was ($40.19), and KRG has sold its oil for ($503,508,000).

- In Oct 2021, the rate of oil price was ($83.54), and KRG has sold its oil for ($987,921,818).

- According to this comparison, the oil income has been increased by (%49) and increased ($484,413,818) in Oct 2021.

This amount is much more when we exchange it to Iraqi Dinar because from Oct 2020, the value of ($1) was (ID1180) while in Oct 2021, the value of ($1) increased to (ID1450).

- In Oct 2020, The KRG has sold its oil for the value ($503,508,000). If we time it by (ID1180), the oil incomes equal (594, 139,440,000)IQD.

- In Oct 2021, The KRG has sold its oil for the value ($987,921,818). If we time it by (ID1450), the oil income equals (1,432,486,636,622)IQD.

Based on that, the oil income (%59) has increased in Oct 2021, which is (ID838,347,196,622).