Tuesday, 02 January 2024 12:17 GMT

Iraq Targets Million-Barrel Syria-Türkiye Oil Export Route Arabian Post


(MENAFN- The Arabian Post) clearfix">Iraq plans to lift pipeline oil exports through Syria and Türkiye's Mediterranean port of Ceyhan to more than one million barrels a day, as Baghdad accelerates efforts to diversify crude shipments away from vulnerable Gulf routes.

Oil Minister Bassem Mohammed Khudair said Iraq was exporting about three million barrels per day in September and remained within its OPEC production ceiling, with current production capacity not exceeding 4.2 million barrels per day. He said the government's future plan was to raise pipeline export capacity through Syria and Ceyhan beyond one million barrels daily.

The announcement adds detail to Baghdad's broader strategy to expand alternative outlets for crude after months of disruption to regional shipping. Iraq has been restoring exports after flows fell sharply during the conflict involving the United States, Israel and Iran, which disrupted movements through the Strait of Hormuz and forced Gulf producers and traders to seek safer logistics.

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The Arabian Post

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