See the losses incurred by Iraq due to the region’s oil smuggling
See the losses incurred by Iraq due to the region’s oil smuggling
9-6-2024
Information/Baghdad…
Economic researcher Diaa Abdul Karim said that OPEC’s decision to reduce Iraqi exports by 130 thousand barrels of oil will have repercussions and cause Iraq to lose revenues from the reduced quantity.
Abdul Karim told Al-Maalouma, “The Kurdistan Region continues to export oil despite a decision by the Paris Court to stop exports to Turkey or the port of Ceyhan, but the Barzani government continues to export by tankers.”
He added, “The quantity exported from the region unofficially was not counted as part of Iraq’s share allowed to be exported by OPEC, but the matter was revealed and the organization became aware of the quantity of the region’s exports, so it reduced Iraq’s share exported through Basra Governorate.”
He pointed out that “the revenues from oil exports in the region were not delivered to Baghdad, in addition to the fact that the quantity exported through Basra decreased by 130 thousand barrels.”
It is clear that “Baghdad lost 260,000 barrels of revenue due to the region’s exports.”
almaalomah.me
