KRG produced about 37 million barrels of oil in 3 months

7/14/2023 2:12:55 AM
Deloitte Institute published a report on production, export, expenditures and sales of oil of the Kurdistan Regional Government (KRG) for three months.

According to the report total oil production was 36 million 723 thousand 475 barrels, of which 32 million 307 thousand 382 barrels were exported. Four million 39 thousand 232 barrels were allocated to refineries, while 376 thousand 861 barrels were sold domestically.

The average price of oil was $67.639 a barrel, according to Deloitte.

Total oil revenue was $2.199 billion, while domestic oil revenue was $22.98 million, at an average price of $58.638 a barrel.

According to the report, oil processing costs in the first quarter of this year was 1 billion 253 thousand dollars.

Of the total oil revenue, only $946 million 497 thousand 142 went to the coffers of  the Kurdistan Regional Government (KRG).

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