SULAIMANI (ESTA) — The Kurdistan Regional Government (KRG) pumped more than 124 million barrels of oil in nine months in 2020, according to auditing giant Deloitte.
The KRG has released reports prepared by Deloitte on oil production, export, consumption, and revenue in the Kurdistan Region between January 1 and September 30 of last year.
The Region signed a contract with the international audit firms on October 5, 2015 to examine oil production and revenue in an effort to improve transparency.
According the the report, the Kurdistan Region’s operators pumped 124,798,921 barrels of oil during the nine months of 2020.
In total, the Region brought in a gross of more than $3.176 billion for oil sales last year. Accounting for various payments, tariffs, and other costs and debits, the net cash balance it received from sales was more than $1.831 billion.
“Transparency being central to the cabinet agenda, the KRG regularly assesses what additional disclosures would enhance the transparency of its oil and gas sector,” the KRG said in a statement.
