Iraqi Oil Tankers Transit Hormuz
The Iraqi Ministry of Oil confirmed that its responsibility is limited to loading oil at the ports, and that the transportation of shipments through the Strait of Hormuz is undertaken by the buyer after the sale, with its responsibilities ending there. Iraqi tankers leave the ports and pass through the Strait, with the Ministry of Oil tracking their movement through global tracking systems, and SOMO monitoring the arrival of shipments at the refineries. The ministry also indicated that oil exports have gradually improved in recent months, with negotiations underway with Iran to facilitate the movement of tankers through the Strait. Iraq is expected to export around 750,000 barrels per day under an agreement with Turkey, with daily quantities fluctuating between one and two million barrels depending on transit conditions.
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