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Iraq Discusses Iran Strait Navigation
Iraq is engaging in talks with Iran to facilitate the movement of oil tankers through the Strait of Hormuz, as part of efforts to ensure the smooth export of oil. The Minister of Oil confirmed that there is a plan to transfer part of the oil from the southern fields via northern pipelines, aiming to reach an export of more than 700,000 barrels per day. Additionally, there is an agreement with Turkey to extend oil understandings for one year to ensure the continuity of exports from the Kurdistan Region. Iraq has also held discussions with Iran to address the facilitation of oil shipments passing through the strait, with expectations of reaching future understandings to enhance security and streamline transportation.
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