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Iraq has resumed land-based oil exports through Syria, with UCC Holding transporting crude by truck from southern Iraq to the port of Baniyas at a rate of 120,000 to 150,000 barrels per day. Operations began on October 26, and about 1.6 million barrels had been transported by November 13, 2026. The agreement provides for the transport of between 5 million and 14 million barrels over three months, at a cost of about $12 per barrel to cover transport and services. The oil is then shipped by sea to refineries in Mediterranean countries. Despite its high cost, the route is intended to give Iraq an alternative export outlet amid disruptions affecting shipments through the Strait of Hormuz.
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