BAGHDAD / Aswat al-Iraq: The Iraqi Extractive Industries Transparency Initiative-IEITI (now called Iraq Revenue Transparency-IRT) issued its second report, entitled "Oil Export and Field Development Revenues in 2010", on 27 December 2012, during which it said that Iraq's revenues of the oil exports in 2010 surpassed $52 billion.
"According to this report, Iraq's revenues of oil exports in 2010 reached $52202645106 billion bought by 34 global companies," the initiative's media advisor Adnan Bahiya told Aswat al-Iraq news agency.
He underlined that the companies paid the Iraqi companies $52,387,731,813.
The Report was released two weeks after ETI announced that Iraq is a compliant country.
"I have good and regular contacts with many civil society organizations (CSOs) who are involved in the IEITI activities, and some asked for my opinion on the Report," Bahiya said.
"After a thorough and careful reading, this review and assessment was done in responding to these requests, and as a contribution to the debate on the Report inside and outside Iraq," he stated.
"My intention is to improve the quality and contents of the future IRT reports so that they would be able to present full, complete and verifiable transparency of revenues in the country," Bahiya clarified.
"After a brief background note, I will identify and highlight the main conclusions of the Report, then address specific problems and shortcomings of the Report and concluding with further overall remarks," he noted.