Iraqi Oil Minister Talks with Iran on Tanker Transit
Iraqi Oil Minister Bassem Mohammed Khadrawas revealed that discussions are ongoing with Iran to enhance the smooth flow of oil tankers through the Strait of Hormuz, with expectations of reaching understandings in the coming days. He also indicated a plan to transfer a portion of the oil from the southern fields via northern pipelines in order to exceed an export rate of over 700,000 barrels per day, in line with the agreement with Turkey, which has been extended for one year. This aims to protect export corridors and increase capacity to 1.5 million barrels per day in the future. The minister emphasized that the government is focused on building relationships and joint cooperation with neighboring countries to support the national economy, utilizing revenues to strengthen sectors such as health, education, and infrastructure.
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