Iraq exported 10 million barrels of oil through Strait of Hormuz in April
Basim Mohammed said the lower shipments reflect Strait of Hormuz disruptions and tanker insurance concerns as Iraq seeks higher output and new export capacity.
- On Saturday, Iraq's new Oil Minister Basim Mohammed announced that Iraq exported 10 million barrels of oil through the Strait of Hormuz in April, down from about 93 million barrels monthly before the Iran war.
- Tankers are avoiding the Strait of Hormuz due to insurance issues, Mohammed said, as the closure driven by the Iran war has curtailed regional exports and pushed oil prices sharply higher.
- Baghdad plans to increase exports through the Turkish Ceyhan port from 200,000 barrels per day to 500,000 barrels per day, diversifying routes after the Kirkuk-Ceyhan pipeline resumed in March.
- Negotiations are underway with Chevron, ExxonMobil, and Halliburton on energy projects, as Mohammed urged these firms to sign contracts to help Iraq reach a production capacity of 5 million barrels per day.
- Baghdad maintains commitment to OPEC, with officials confirming no intention to leave the organization while engaging in dialogue to boost export capacity and ensure stable oil prices.
26 Articles
26 Articles
Iraq oil exports collapse to 10m barrels in April
Iraq exported 10 million barrels of oil via the Strait of Hormuz in April, down from about 93 million barrels monthly before the Iran war, the country's new Oil Minister, Basim Mohammed, said at a press conference on Saturday. The closure of the Strait of Hormuz due to the Iran war has curtailed oil exports from Saudi Arabia, the UAE, Kuwait and Iraq, sending prices sharply higher. "Exports through the Strait of Hormuz are low and depend on the …
Iraq's oil exports through the Strait of Ormuz were almost ten times lower in April than before the war, the country's new oil minister announced today. Iraq previously exported 93 million barrels per month through the Strait of Ormuz, but in April we exported only 10 million barrels, because of the war, said Bassem Mohammed Khudair, when taking office, after the formation of a new government on Thursday, quoted by the news agency France-Presse …
The war in the Middle East has had a very strong impact on the Iraqi economy. Mainly based on oil exports, it has been hampered by the blockade of the Strait of Ormuz since the end of February. Exports are said to have been divided by ten in April.
Iraku eksportoi 10 milionë fuçi naftë përmes Ngushticës së Hormuzit
Ministri i naftës i Irakut ka deklaruar se vendi eksportoi 10 milionë fuçi naftë përmes Ngushticës së Hormuzit muajin e kaluar.Kjo shifër është më e ulët krahasuar me rreth 93 milionë fuçi në muaj para luftës me Iranin, tha Basim Mohammed.Eksportet e naftës nga Arabia Saudite, Emiratet e Bashkuara Arabe, Kuvajti dhe Iraku janë kufizuar për shkak të mbylljes së kësaj rruge ujore kyçe gjatë luftës. SHBA dhe Izraeli “po përgatiten për sulme të reja…
Iraq oil exports through Strait of Hormuz plunge from 93 million to 10 million barrels amid Iran war
While speaking at his first press conference since taking office, Iraqi oil minister Basim Mohammed said Iraqi exports through the waterway had become heavily dependent on the arrival of oil tankers, many of which were avoiding the route because of soaring insurance risks.
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