22 Hrs
Source:
CNN Arabic
Iraq discusses oil price discounts and sale methods
The article discusses Iraq's efforts to manage its oil market amidst the Strait of Hormuz crisis. The Iraqi Ministry of Oil adopts a competitive pricing policy for selling oil, where companies compete to offer the best price bids, with the highest bid being selected. The ministry confirmed that sales are conducted according to the global price list without fixed discounts. Iraq has reduced its oil exports through the Strait of Hormuz following the war, while also seeking to diversify export outlets. officials also pointed out that oil supplies to citizens continue despite the challenges, emphasizing that the ministry is not responsible for the routes taken by oil tankers after loading the shipments through the Strait.
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