December Monthly Report ENG
December Monthly Report ENG
December Monthly Report ENG
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DECEMBER'2013'<br />
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MNR'–'KRG'|'MONTHLY'REPORT'<br />
Iraq'Domestic'Consumption'versus'KRG'Domestic'Consumption'Summary'<br />
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Since'2004,'in'total'Iraq'has'consumed'1,986,968,445'barrels'of'which'239,441,195'barrels'have'been'<br />
consumed' by' the' KRG,' which' is' 12%' of' Iraq’s' total' domestic' consumption' as' opposed' to' the' 17%'<br />
entitlement' of' the' KRG.' Therefore' the' KRG' has' consumed' 98,343,442' barrels' of' oil' less' than' its'<br />
entitlement.''<br />
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Even'when'including'the'contractor’s'share'of'oil'(for'costs'recovered'according'to'the'PSCs)'as'part'of'<br />
the' KRG's' consumption,' the' KRG' would' have' consumed' 309,758,231' barrels' compared' to' a' total'<br />
domestic'consumption'of'2,057,285,486'barrels,'which'is'15%'of'Iraq’s'total'domestic'consumption'as'<br />
opposed'to'the'17%'entitlement'of'the'KRG.'Therefore'the'KRG'would'have'still'consumed'39,980,301'<br />
barrels'less'than'its'entitlement.''<br />
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Furthermore,'due'to'weather'and'other'economic'and'special'conditions'in'the'Kurdistan'Region,'the'<br />
KRG'believes'its'entitlement'should'be'20%'of'total'domestic'consumption'in'Iraq,'as'opposed'to'17%.'<br />
In' which' case' the' KRG' would' have' consumed' 157,952,495' barrels' less' than' its' entitlement,' or'<br />
101,698,866'barrels'less'than'its'entitlement'even'when'including'the'contractor’s'share.'<br />
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