Iraq plans to export 10 million barrels daily
Iraq aims to increase its daily oil exports to between 8 and 10 million barrels over the next six years, in order to boost its revenues, which depend heavily on oil—up to 90%. Prime Minister Ali Al-Zaydi stated that Iraq is working to achieve this goal by increasing its export share within the framework of OPEC, while facing challenges such as the closure of the Strait of Hormuz. The government plans to expand export capacities through new ports in Turkey, Syria, and Jordan, aiming to diversify oil export routes and reduce dependence on the Strait of Hormuz.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)