Iraq’s Oil Minister announced that the country exported 10 million barrels of oil through the Strait of Hormuz last month.
This figure is significantly lower compared to the approximately 93 million barrels exported monthly before the war with Iran, according to Basim Mohammed.
Oil exports from Saudi Arabia, the United Arab Emirates, Kuwait, and Iraq have been restricted due to the closure of this key waterway during the conflict.
Iraq’s crude oil exports through the Kirkuk–Ceyhan pipeline resumed in March after Baghdad and the Kurdistan Regional Government reached an agreement to restart oil flows.
“We are exporting 200,000 barrels through the port of Ceyhan and have a plan to increase this to 500,000 barrels,” Mohammed said.
Iraq also plans to engage with the Organization of the Petroleum Exporting Countries (OPEC) to increase its production and export capacity. The minister added that Baghdad aims to achieve a production capacity of five million barrels per day.
