SULAIMANI (ESTA) — The Kurdistan Regional Government (KRG) published the Deloitte auditing scrutinized report on the Region’s energy sector on Monday saying, Average price per barrel achieved for oil sold at 86.730 USD.
The (KRG) exported more than 34 million barrels of oil through the pipeline in the first quarter of 2022, generating more than $3 billion, according to auditing giant Deloitte.
However, the Net cash balance received by the KRG for sales and related activities is $1.3 billion.
“Average price per barrel achieved for oil sold at 86.730 USD,” the report said.
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.
“In the framework scrutinizing the process of the Kurdistan Region independent energy sector, as a part of the dedicated transparency initiative within the council of ministers agenda, the KRG released the report for the first quarter of 2022” the Kurdistan Regional Government in a statement announced.
