Iraq Charters Oil Tankers to Bypass Hormuz
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Insights by Echo AI
Iraq has initiated procedures to hire multiple oil tankers to traverse the Strait of Hormuz, aiming to enhance its crude exports' access to global markets and improve their value. This move comes amidst ongoing risks to navigation in the region and increased sales of barrels for collection in the Gulf of Oman. Iraq's oil production rate has surpassed 3 million barrels per day, with exports reaching nearly 70 million barrels in August, generating over $4.5 billion in revenue.
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#Iraq is in the process of trying to hire multiple tankers to transit...
ناقلات عراقية تعبر هرمز.. والتسليم ينتقل إلى خليج عمان متابعة/المدى ب...
Iraq is in the process of trying to hire multiple tankers to transit t...
Iraq’s petrol problem deepens as OPEC member hit by Hormuz disruption...
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