According to the report, the MNR received $9.7 billion in total revenues and had $8.8 billion in costs over the 2007-2013 period, resulting in a net $920 million surplus. In 2013, however, the MNR ran a $1.2 billion deficit due to increased payments to KRG institutions, receiving $2.9 billion in revenues while spending $4 billion. Operating profits, however, jumped 47.3% from $1.33 billion in 2012 to $1.96 billion in 2013.
The report also details the MNR's overhead costs, one-off costs, and its payments for KRG ministries, governorates, and projects. The largest recipient of these payments in 2013 was the Ministry of Finance, which received nearly $1.4 billion– $1.1 billion of which went to reimburse the costs of fuel provided by the KRG to Kurdish citizens, while another $274 million was allocated to efforts to improve liquidity in Kurdish banks.
The report drew upon data stretching back to 2007, providing an interesting look at growth in both revenues and public spending since that time. The MNR's annual revenue jumped from $29.6 million in 2007 to nearly $2.9 billion in 2013, while spending increased from just $6,382 in 2007 to over $4 billion last year.
The report also demonstrates the dominance of the Tawke and Taq Taq oilfields in terms of production and oil sales. Of the $779 million received in oil sales (including exports) in 2013, the two major fields contributed $745.2 million, or 95.7%, of that year’s total sales.