What happens to KRG oil revenue ....30 May 2025 12:11
A shadowy shell entity owned by KRG Prime Minister Masrour Barzani controls the lion’s share—around 70%—of the KRG crude oil that is supposedly sold on the local market, generating massive profits on a daily basis.
Rather than being traded through open markets, KRG crude is allocated to a small circle of politically connected buyers at heavily discounted prices—typically between $28 and $32 per barrel, far below international benchmarks.
The largest share—around 200,000 barrels per day—goes to a front company named Business Unicorn, a shadow entity linked to North Light Holding, which is owned by KRG Prime Minister Masrour Barzani and is estimated to generate $140–145 million monthly, based on margins from both crude exports and refined product sales.
In recent months, North Light has begun registering a series of inactive shell companies, believed to be designed as disposable legal vehicles that shield financial activity from scrutiny. The holding’s CEO, Sarwar Pedawi, is widely regarded as a key business proxy for the prime minister.
https://x.com/KurdistanWatch/status/1928401886123528566