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.
15 Articles
15 Articles
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.
Iraq's new oil minister, Bassem Mohammed Khudair, said on Saturday that Iraq exported only 10 million barrels of oil in April through the Strait of Hormuz...
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