19 Hrs
Source:
الاقتصادية
Iraq plans funding for oil tanker purchases
Iraqi Oil Minister Basem Mohammed Khudair emphasized that the government is working to provide financial allocations to purchase new oil tankers for the benefit of the Iraqi Oil Tankers Company. The goal is to support export operations, develop the company, and enhance economic returns from oil. This step is part of a broader strategy to expand Iraq's logistical capabilities and increase the volume of exported oil, as Iraq's exports have exceeded 4 million barrels per day. Additionally, the production of petroleum products has risen to 37 million liters daily, all aimed at ensuring sustainability, diversifying export outlets, and strengthening Iraq’s presence in the global market.
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