rafdainscope - Parliamentary sources revealed the presence of dozens of major companies operating within oil licensing rounds that have not been subjected to complete tax accounting, estimating the volume of uncollected or wasted funds at massive amounts equivalent to hundreds
of billions of dinars. Data indicated that concluded contracts stipulate the deduction of specific profit percentages, but reliance on estimation mechanisms caused a significant financial gap between actual dues and calculated amounts, prompting regulatory bodies to address concerned institutions to
ensure the protection of public funds and enhance non-oil revenues.
