Ouel Price: Iraq exports 3.4M bpd since October

Oil Price Network reported that Iraq's oil exports increased during October, reaching 3.4 million barrels per day since the beginning of the month, representing an increase of about 750,000 barrels per day compared to the previous month, when Iraq exported 2.65 million barrels daily. Iraq relied on ports in Turkey and Syria and bypassed the Strait of Hormuz, which helped reduce the financial burdens associated with traditional export routes, especially after losing about 70% of its exports due to the closure of the strait. As a result of these alternatives, exports saw significant improvement.

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