Iraqi Deputy Prime Minister and Oil Minister, Hayyan Abdul Ghani, revealed today that new routes for oil exports are under consideration amid the disruption of shipments via the Strait of Hormuz. The minister confirmed that alternative strategies are being actively developed to address this challenging situation. He also indicated a potential solution regarding the Kirkuk-Turkey pipeline.
Abdul Ghani stated that the pipeline could be brought back online within a week, bypassing the territory controlled by the Kurdish Regional Government (KRG). This development offers a significant pathway for Iraqi oil distribution. According to reports from the Anadoly Agency, the Iraqi oil industry currently produces around 4.4 million barrels per day, aligning with OPEC’s established quotas.
The Iraqi minister explained that the suspension of oil exports began with the commencement of hostilities in the Persian Gulf and the subsequent closure of the crucial waterway. Previously, Iraq routinely shipped approximately 3.4 million barrels of oil daily, largely through southern ports. The Iraqi oil minister emphasized the ongoing efforts to maintain supply and navigate the complexities arising from the current geopolitical circumstances.
Topics: #oil #minister #iraqi
The Iraqi Minister of Oil, Hayyan Abdul Ghani, announced that the Kirkuk-Turkey pipeline is slated for completion in just one week. This decision follows the disruption of oil shipments through the St