Iraq raises oil export limit to 3 million barrels
Iraqi Oil Minister Basem Muhammad Khidr announced that his country has increased oil exports to more than 3 million barrels per day since the beginning of September. He plans to boost these numbers to 5 million barrels per day by developing new export routes, including a strategic pipeline that connects the southern oil fields to Syrian and Turkish ports. The project aims to diversify oil export pathways and reduce reliance on the Strait of Hormuz, especially amid regional tensions and the sanctions imposed on Iran. Iraq hopes that this approach will contribute to increasing its export capacity and achieving greater economic and developmental benefits in the future, with expectations that the alternative route away from the Strait of Hormuz will provide safer and more stable supplies.
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