MP: $1.266 BILLION IN REVENUE FROM THREE MONTHS MISSING IN KURDISTAN REGION

[The Englishman]

MP: $1.266 BILLION IN REVENUE FROM THREE MONTHS MISSING IN KURDISTAN REGION

 

12 mins ago

Views 61

 

 

SULAIMANI — A Kurdish lawmaker said on Thursday (March 2) the amount of $1.266 billion from oil exports and the Kurdistan Region’s revenue has gone missing over the last three months

Lawmaker Ali Hama Salih said the Kurdistan Regional Government (KRG) exported 17,651,000 barrels of oil in December 2016 in accordance with data from the Iraqi State Organization for Marketing Oil (SOMO).

The lawmaker added the KRG exported 17,651,000 barrels of oil in January 2017 and 15,593,000 barrels in February 2017, according to data from SOMO.

“The average amount of Brent crude oil was $55 and the Kurdistan Region had sold it at nine dollars less,” Salih noted. “Total revenue of oil [exports through] pipeline for three months was $2.343 billion. The income of the oil production, which is $65 thousands, was $273 million for three months.”

The other internal revenue was $150 million and it is $450 million for three months, he said. According to the lawmaker, the total amount of revenue in the last three months was $3,066,562,000 USD.

“The total amount of expenditure, including employees’ salaries, amounted to $450 million [per month] and the KRG’s costs amount to $150 million [a month], $1.8 billion in three months,” he said.

“According to this audit, the amount of money which disappeared in three months amounts to $1.266 billion USD,” the Kurdish lawmaker added.

This is not the first time the Kurdish lawmakers have said that millions of dollars have gone missing in the Kurdistan Region.

Members of Kurdistan’s Parliament accuse the minister of natural resources of responsibility for the loss.

Salih spoke with NRT on September 4, 2015, and said lawmakers have evidence Ashti Hawrami has cost the region “hundreds of millions of dollars”.

In a statement provided to NRT, the MNR said it “totally rejects” Salih’s accusations and “challenges him to quickly produce his so-called evidence,” adding it would launch legal proceedings against him if he failed to do so.

[tigergorzow]

18 minutes ago, The Englishman said:

The lawmaker added the KRG exported 17,651,000 barrels of oil in January 2017 and 15,593,000 barrels in February 2017, according to data from SOMO.

“The average amount of Brent crude oil was $55 and the Kurdistan Region had sold it at nine dollars less,” Salih noted. “Total revenue of oil [exports through] pipeline for three months was $2.343 billion. The income of the oil production, which is $65 thousands, was $273 million for three months.”

The other internal revenue was $150 million and it is $450 million for three months, he said. According to the lawmaker, the total amount of revenue in the last three months was $3,066,562,000 USD.

“The total amount of expenditure, including employees’ salaries, amounted to $450 million [per month] and the KRG’s costs amount to $150 million [a month], $1.8 billion in three months,” he said.

“According to this audit, the amount of money which disappeared in three months amounts to $1.266 billion USD,” the Kurdish lawmaker added.

This is not the first time the Kurdish lawmakers have said that millions of dollars have gone missing in the Kurdistan Region.

Englishman,  Thanks,  DV,  Where the heck is the oversight auditing agencies KRG hired to follow the money from Oil Revenues.   They know who they are so please provide names and arrests warrants to bring them to justice.   M. Barzani needs to get this corruption crap under wraps immediately or countries should deny any / all monetary assistance going forward.   NO MORE LOANS until they are able to audit every dollar or dinar spent to whomever or wherever it may have been distributed.    Names Names Names need to be publicized now in the NEWS MEDIA for all to see who are the perpetrators that stole this money.....Billions & Millions

Edited March 2, 2017 by tigergorzow

[nannab]

These people are just unbelievable and should go back to cutting the hands off

for stealing. Didn't they put a system into place so everyone is accountable?

Ah ha they did! Thanks tigergorzow.  I type slowly.

[new york kevin]

What the heck is The Integrity Committee,  with prosecutorial , subpoena  and warrant powers doing about this, if anything?

[yota691]

[King Bean]

My ex-wife hasn't reported in for three months either. Coincidence???  Boy are you guys in trouble.  LOL 

[steveh12]

I tried to hide the money in my sock drawer. 

 

 

 

[Boozer]

Now that Mosul is almost done, we cant RV, to much corruption. then it will be, we need to get back all the stolen money, then all our International funds are frozen, Never ending story.. By that time Maliki will be PM again. and we start over ..

[nannab]

YEWWWWWWWWWWWW  No no no   I thought the same thing for a split second

then slapped myself. 

22 minutes ago, Boozer said:

Now that Mosul is almost done, we cant RV, to much corruption. then it will be, we need to get back all the stolen money, then all our International funds are frozen, Never ending story.. By that time Maliki will be PM again. and we start over ..

 

[In this since 2004]

1 hour ago, Boozer said:

Now that Mosul is almost done, we cant RV, to much corruption. then it will be, we need to get back all the stolen money, then all our International funds are frozen, Never ending story.. By that time Maliki will be PM again. and we start over ..

Hang in there.  I still hope it will get better because I was in country and talked to the people who were affected.  Pretty sure I mentioned in a previous post that the locals "just want their lives back."

[blueskyline]

1 hour ago, Boozer said:

Now that Mosul is almost done, we cant RV, to much corruption. then it will be, we need to get back all the stolen money, then all our International funds are frozen, Never ending story.. By that time Maliki will be PM again. and we start over ..

 

 President Donald Trump show a project he called (IRAQ RECONSTRUCTION for oil) on the US House of Representatives 

 

The project guarantees the rights of US companies by diverting oil money to their assets, and the US government benefit from this money, too, according to the mechanism to be agreed upon, as well as the operation of hundreds of Americans from experts and managers, engineers and other terms of reference in these projects, were identified proportion (b 20%) for each project

Among the most important paragraphs stipulated by the project, which could contribute to the strengthening of the US military budget, that the troops stationed on Iraqi soil after activating strategic frameworks between Baghdad and Washington that have signed the 2011 agreement, or from within the new agreement, the protection of large enterprises, without interfering with the work companies, and  allows companies to reconstruction contracts with security firms to protect them and that those US companies exclusively.                                                                                                                                                                                                                                      The project estimated that Iraq needs more than 400 billion dollars to be a new model in the Middle East, especially since Iraq has enough money and resources, and oil to help to secure the cost of reconstruction................

[new york kevin]

20 hours ago, steveh12 said:

I tried to hide the money in my sock drawer. 

Steveh: Don't you know thats the first place King Beans ex-wife is gonna look.  : )

 

 

 

[steveh12]

Lol kevin