Economy News Baghdad
Deloitte published its second oil and gas audit report in the Kurdistan region for the last six months of 2017.
The Kurdistan Regional Government said in a statement on its official website that, in implementation of the decision of the Council of Ministers of the Kurdistan region in 2016 on a comprehensive review of the oil and gas sector in the region by an independent third world to support transparency in this sector, and entrench the citizen’s right to obtain information on this And the completion of what was announced on 16 January 2018 regarding the results of the review of Deloitte’s global operations for oil production, export and domestic consumption in addition to the expenses and revenues resulting from it during the first six months of 2017.Today we announce the second report of the Deloitte review as one of the four major international audit firms, which includes information and audited figures on oil production, export and domestic consumption as well as the resulting expenses and revenues during the second six months of 2017 starting with From July 1 to December 31, 2017, thus completing the comprehensive review of 2017 by Deloitte.
The Regional Oil and Gas Council confirms that all citizens of the region have the right to access information on oil and gas operations figures and data and after being audited by a global auditing firm as part of the efforts of the KRG to support transparency, accountability and good governance in the oil field. And gas in the Kurdistan region.
The statement pointed out that new figures and information have been presented in the new report attached to this statement compared to the first published report, specifically regarding the details of other public expenditures spent on oil revenues, as well as expenditures related to oil production, export and sale operations, The monthly rate of the price of one barrel of crude oil sold in the report and based on the global Brent price and obtained between 1 July and 31 December 2017.
The Regional Council for Oil and Gas Affairs, according to the statement, is to ensure that periodic and systematic audit results are reported to the internal and international public opinion through Deloitte and Ernst & Young .The audit and audit report for the period from January 1 to March 31, 2018 is expected to be published in August of 2018.
( Http://cabinet.gov.krd/uploads/documents/2018/Deloitte_H2_2017_Public_Report.pdf ) Get the text of a Deloitte report signed and in PDF format in the three Kurdish, Arabic and English languages on export audit, internal consumption, imports And oil and gas expenditures in the Kurdistan Region for the second six months of 2017.
The attached booklet (http://cabinet.gov.krd/uploads/documents/2018/Deloitte_KRG_Oil__Gas_Sector_FAQ_ENG_AR.pdf ) contains an enclosed booklet in both Arabic and English in PDF format , containing (27) questions and answers for the purpose of necessary clarification and ease of understanding and understanding the paragraphs of the report (Deloitte).