Iraqi Oil Exports Rise 70% in August

Iraqi oil exports increased by over 70% in August, reaching approximately 2.34 million barrels per day compared to 1.35 million barrels in July. This rise is due to an increased arrival of oil tankers at export ports and the continued export of oil through southern ports, as well as the expansion of plans to include the Turkish Port of Ceyhan and the Syrian Port of Baniyas. These developments enhance Iraq’s capacity to export larger quantities of oil and have an impact on global oil markets.

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