Written by financial analyst Khaled Al-Zantouti:
An innocent question: how did the foreign partner’s share of crude oil drop in April to 14% from 20% in March!?
Did it miraculously decrease by around 2.5 million barrels, or did it fall due to some “magic” by Arkno Company!?
I have previously pointed out many times that, to our knowledge, the foreign partner’s share does not exceed 12.5%! But anyway, even 14% is acceptable.
We need clarification on why the foreign partner’s share increased in March and then declined in April. Hopefully, this positive trend of decreasing the foreign partner’s share will continue in the future until we reach the target of 12.5%!
Since revenues are deposited into the Central Bank account after a month, we expect—God willing—that the Central Bank will receive in May the value of April’s sales, which (based on figures published by the National Oil Corporation in terms of quantities, and using the average Brent price for April of about $104 per barrel) will be around $3.2 billion. And as confirmed by insiders, this excludes royalties, gas, and does not account for smuggling. Let’s hope for the best!
