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Iraq plans crude exports via Syria
Iraq is working to expand its oil and fuel exports through Syrian ports following the closure of the Strait of Hormuz, which has led to a decline in the main shipping routes in the Gulf. It is expected that Iraq will begin transporting around 50,000 barrels of oil daily to Syria via the Baniyas port, after upgrading infrastructure, in addition to significantly increasing the export of fuel oil, which reached about 18 million tons in 2024. Baghdad and Damascus are seeking to diversify export outlets and reduce reliance on a single passage, despite logistical and security challenges.
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