Baghdad (IraqiNews.com) – Iraq’s crude oil exports have reached approximately 2.7 million barrels per day, according to Salim al-Rikabi, the spokesperson for the Iraqi Oil Ministry.
Al-Rikabi told the state-run Iraqi News Agency (INA) that Iraqi crude oil export volumes have increased significantly, from around 200,000 barrels per day in May to roughly 2.7 million barrels per day today, despite shipping difficulties caused by the crisis in the Strait of Hormuz.
The majority of exports are transported through southern outlets, with northern outlets accounting for around 300,000 barrels per day, according to al-Rikabi.
The Iraqi official indicated that these statistics are considered high rates given the current situation.
The Iraqi Oil Ministry is planning to increase crude oil export volumes through both southern and northern outlets. Al-Rikabi explained that the Iraq-Turkey pipeline’s target export capacity is around 700,000 barrels per day, which the ministry is aiming to reach.
The Iraq-Turkey pipeline has a design capacity of 1.5 million barrels per day, while the minimum capacity stipulated in the agreement signed between the two countries is 750,000 barrels per day.
The current export volumes through the pipeline are roughly 300,000 barrels per day, although the government plans to use a minimum capacity of 750,000 barrels per day, a step that will increase oil exports and create more markets for Iraqi crude, according to al-Rikabi.
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