Iraq turns to trucks to export oil in overland Syrian route revival
- Since October 26, Qatari energy group UCC Holding has been shipping Iraqi crude oil by truck to the Syrian port of Baniyas, establishing a new overland export route for the OPEC producer.
- Iraq, OPEC's second-largest producer, prioritized this route to secure export alternatives following disruptions at the Strait of Hormuz, utilizing desert roads that had been largely unused for decades.
- Expanding its fleet to 10,000 trucks, UCC aims to maintain daily volumes of 150,000 barrels. Tanker driver Ishaq Mohammed stated, "The round trip, including the return journey to Tuba, takes up to five days."
- Destined for Mediterranean refineries in Greece, Italy, and Turkiye, the crude involves 14 million barrels at a $38 discount, with $12 per barrel covering trucking costs through Syria.
- Although UCC has loaded about 1.6 million barrels since operations began, truck supply bottlenecks currently limit potential volume growth through the Syrian corridor in the near future.
20 Articles
20 Articles
Iraq turns to trucks to export oil in overland Syrian route revival
BASRA, Iraq, Nov 13 (Reuters) - Outside a depot near Basra, hundreds of tanker trucks queue to load Iraqi crude oil bound for the Syrian port of Baniyas via an overland desert route which had been largely unused for decades.
Iraq began to supply oil from southern deposits to the Syrian port of Banyas, reported to the Director General of the Basra Oil Company, Abdel Kerim Nasser. Iraq began transporting between 120,000 and 150,000 barrels of oil a day to the Syrian port on the Mediterranean coast, transmitting TASS with links to Al Hadath. "This step is aimed at strengthening economic cooperation between Baghdad and Damascus, as well as at diversifying Iraqi oil expo…
Iraq Revives Oil Exports Through Syria as Overland Truck Routes Gain Momentum
Outside a depot near Basra, many tanker trucks are lined up to load Iraqi crude oil headed for the Syrian port of Baniyas. This overland route, which had been mostly unused for years, has gained importance as Iraq seeks new ways to export oil due to disruptions in the Strait of Hormuz caused by the […]
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Iraq turns to trucks to export oil in overland Syrian route revival
BASRA, Iraq, Nov 13 - Outside a depot near Basra, hundreds of tanker trucks queue to load Iraqi crude oil bound for the Syrian port of Baniyas via an overland desert route which had been largely...
Faced with the blockade of the Strait of Ormuz, the country is strengthening its collaboration with neighbouring Iraq, positioning itself as an alternative route for the transport of fuel to the Middle East, notably via the port of Banias.
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