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BumRushDaShow

(172,136 posts)
Sat May 16, 2026, 11:15 AM 18 hrs ago

Iraq exported 10 million barrels of oil through Strait of Hormuz in April

Source: Reuters

May 16, 2026 3:53 AM EDT Updated 6 hours ago


BAGHDAD, May 16 (Reuters) - Iraq exported 10 million barrels of oil via the Strait of Hormuz in April, down from about 93 million ​barrels monthly before the Iran war, the country's new oil minister, Basim Mohammed, ‌said at a press conference on Saturday.

The closure of the Strait of Hormuz due to the Iran war has curtailed oil exports from Saudi Arabia, the UAE, Kuwait and Iraq, sending ​prices sharply higher.

"Exports through the Strait of Hormuz are low and depend ​on the arrival of oil tankers, which are not entering because of ⁠insurance", he said in his first press conference after taking office. Iraq is currently producing ​1.4 million barrels per day.

The country's crude exports through the Kirkuk–Ceyhan oil pipeline resumed in ​March, after Baghdad and the Kurdistan Regional Government agreed on restarting flows. "We export 200,000 barrels through (Turkish) Ceyhan port, and we have a plan to increase it to 500,000 barrels", Mohammed said.

Read more: https://www.reuters.com/business/energy/iraq-exported-10-million-barrels-oil-through-strait-hormuz-april-2026-05-16/

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Iraq exported 10 million barrels of oil through Strait of Hormuz in April (Original Post) BumRushDaShow 18 hrs ago OP
They certainly need to figure out something and soon EX500rider 17 hrs ago #1

EX500rider

(12,767 posts)
1. They certainly need to figure out something and soon
Sat May 16, 2026, 12:09 PM
17 hrs ago
Crude oil revenues account for approximately 88% to 90% of the Iraqi government's total federal budget
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