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اقتصاد
Iraq Recognizes Oil Crisis Severity
The spokesperson for the Iraqi government clarified that Iraq is engaging in intensive dialogue with the countries involved in the Strait of Hormuz crisis, and is working to secure alternative routes in cooperation with Turkey and Syria to avoid reliance on a single passage. Progress has been made in agreements with Turkey, with efforts underway to strengthen export lines through the Baniyas port, and work is ongoing to enhance the Ceyhan pipeline capacity to reach 1.5 million barrels per day. The Iraqi Prime Minister considers the current alternatives for oil exports to be at a低 level, and has called for the development of more sustainable routes, especially given the closures of the Strait of Hormuz that have impacted the country’s exports, which increased to two million barrels per day in August but remain below the natural production level of approximately 4 million barrels per day. Oil exports account for about 90% of Iraq’s revenues, and the closure of the strait has been a major factor behind the oil supply crisis.
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