Iraq Oil Exports via Hormuz Drop
The Iraqi Minister of Oil, Basem Mohammed Khudair, revealed that Iraq's oil exports through the Strait of Hormuz have decreased since the start of the US war on Iran. Before the war, exports reached 3.4 million barrels per day, but they declined afterward. He confirmed that all oil fields are prepared to restore previous levels of export, and that the government is working to ensure a secure environment for companies. He also highlighted the importance of diversifying export routes, especially with the Basra-Feshkhabur pipeline project, which is being constructed under a Build-Operate-Transfer (BOT) scheme. Additionally, he mentioned that the oil agreement with Turkey has been renewed and is currently limited to oil transportation and joint projects, noting that the 700,000 barrels per day cannot be supplied via Kirkuk.
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