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Oil: $ 13 billion in Iraq revenue from petroleum products DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Oil: $ 13 billion in Iraq revenue from petroleum products

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Oil: $ 13 billion in Iraq revenue from petroleum products Empty Oil: $ 13 billion in Iraq revenue from petroleum products

Post by claud39 on Sun Feb 23, 2020 9:47 am

Oil: $ 13 billion in Iraq revenue from petroleum products


02/23/2020



Oil: $ 13 billion in Iraq revenue from petroleum products 2499







Economy News - Baghdad:

The Iraqi Ministry of Oil confirmed the inaccuracy of the statements of MP Adnan al-Zarfi, a member of the House of Representatives, who made it to a satellite channel, regarding oil production and sales .


The ministry said, in a statement, that the rate of crude oil equipped for Iraqi refineries is 644 thousand barrels per day, not the amount of (one million) barrels, as stated by the deputy Al-Zarfi .
 
She added that the sales of oil products are equivalent to 13 billion dollars, not 23 billion dollars, indicating that the actual sales revenue of oil products has reached 10.6 trillion Iraqi dinars and not, as stated by the MP Al-Zarfi, that it does not exceed 2 trillion dinars .
 
The ministry explained that if the total value of the oil products, if imported to meet the local need in full, is estimated at about 12.2 billion dollars annually, noting that the cost of imported gasoline to fill the shortfall between supply and demand is equivalent to 1.7 billion dollars .
 
It also indicated that the mentioned resources for the sales of oil derivatives do not include the operational costs and other expenses that were financed from the sales of oil derivatives, especially the salaries of the employees, whose number is estimated at 30 thousand employees .
 
The Ministry confirmed that it faces constant pressure to absorb large numbers of unemployed and graduates, as several thousand of them were absorbed and involved in working in refineries.



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