Tehran, March 15: Disagreements have surfaced within the Iraqi government regarding the resumption of oil exports. The Ministry of Oil is prepared to restart exports, but the Ministry of Natural Resources in the Kurdish region has currently declined to proceed.
Iraq exports oil through a southern pipeline that passes through the Strait of Hormuz and a northern pipeline leading to Turkey’s Ceyhan port. According to the ministry, approximately 300,000 barrels of oil can be sent daily via this pipeline.
The Ministry of Oil stated, “We are ready to resume oil exports to the Ceyhan port through the existing export pipeline in this region, exceeding 300,000 barrels per day.”
Furthermore, it added, “This will be in addition to the oil quantity from the oil fields in this region that were exported before the current situation, which was at least 200,000 barrels per day.” It also claimed that “the export capacity of this pipeline is nearly 900,000 barrels per day.”
However, the Ministry of Natural Resources has declined to start exports, imposing certain conditions unrelated to the crude oil export issue.
In response, the Ministry of Oil reiterated its request for an immediate resumption of exports, stating that discussions on the conditions set by the Ministry of Natural Resources could occur later, to prevent any harm to Iraq’s economy.
The military conflict has choked the Strait of Hormuz, and Iraq is also in a precarious situation. Recently, the government presented figures highlighting the losses incurred due to the sudden halt in oil exports. Oil Minister Hayyan Abdel-Ghani reported that this crisis in West Asia has led to a 70% reduction in oil production. Iraq is currently producing only 1.4 million barrels per day (BPD), with output from its main southern oil fields plummeting to just 1.3 million BPD, a 70% decrease.
Arpit Soni has had a passion for journalism since the beginning. Now he has turned this hobby into his profession. Arpit, who is a resident of Udaipur, enjoys editing and writing news related to journalism. He has worked as a Senior Content Producer in several important roles at Bhaskar, Patrika, Pratahkal, Punjab Kesari, and Times. Arpit completed his schooling in Udaipur and Jaipur. He has been working in the media industry for more than 10 years, and his journey is still continuing. ✍️📚
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