Iraq’s newly appointed oil minister, Basim Mohammed (also reported as Bassem Mohammed Khudair), says the country exports about 10 million barrels of crude through the Strait of Hormuz in April. The minister describes this as a sharp decline from Iraq’s earlier export level, which he says was around 93 million barrels per month through the strait. Both reports tie the decrease to the ongoing regional conflict involving Iran, stating that Iran blockades the strait and leaves exporters in the area scrambling for alternative routes. Iraq, a founding member of OPEC, typically sends most of its crude through the Strait of Hormuz, a key shipping passage for oil supplies. While the sources provide the April export figure and the comparison with the earlier monthly volume, they do not specify which alternative routes Iraq uses or whether the reduced exports reflect temporary rerouting, longer delivery times, or changes in production and sales. The accounts therefore focus on the scale of the drop and the impact of the blockade on Iraq’s ability to export via the strait.
Iraq says oil exports through Strait of Hormuz drop to 10 million barrels in April
Iraq’s newly appointed oil minister, Basim Mohammed (also reported as Bassem Mohammed Khudair), says the country exports about 10 million barrels of crude through the Strait of Hormuz in April. The mi...
- Iraq’s oil minister says exports through the Strait of Hormuz fall to about 10 million barrels in April.
- The minister compares this with roughly 93 million barrels per month previously exported through the strait.
- The reports link the decline to a blockade affecting the Strait of Hormuz tied to the war.
- Iraq normally exports most of its crude through the Strait of Hormuz.
- Both sources present the April figure as stated by Iraq’s new oil minister during a handover ceremony.
BAGHDAD—Iraq’s oil exports through the Strait of Hormuz plunged to just 10 million barrels in April, the country’s new oil minister said Saturday. A founding member of the OPEC oil cartel, Iraq normally exports the majority of its crude through the crucial waterway. But like other exporters in the oil-rich region, it has been left scrambling for alternative routes after Iran blockaded the strait. “Iraq previously exported 93 million barrels per month through the Strait of Hormuz. But last April we exported only 10 million barrels due to the war,” said Bassem Mohammed Khudair during a handover ceremony to assume […]...Keep on reading: Iraq exports through Hormuz fell to 10 million barrels in April – oil minister
3 months agoThe country's new oil minister, Basim Mohammed, said the figure dropped from about 93 million barrels monthly before the Iran war.
3 months ago
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