22 Hrs
Source:
المشهد العربي
Iraq Looks for New Oil Export Route
The Iraqi government has proposed a new mechanism for exporting oil through local and international companies and via various ports, aiming to diversify shipping routes and reduce reliance on the Strait of Hormuz. This move comes especially amid ongoing tensions and conflicts that threaten to close the strait. The initiative will be implemented starting September 1 for a period of three months. This step is part of Iraq's efforts to ensure greater flexibility in selling its oil and to avoid the risks associated with the potential closure of the Strait of Hormuz.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)