#Fuels

Iraq Exported 10 Million Barrels Of Oil Through Strait Of Hormuz In April

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, according to the country's new oil minister, Basim Mohammed. The closure due to the Iran war has curtailed oil exports from Saudi Arabia, the UAE, Kuwait and Iraq. Iraq is currently producing 1.4 million barrels per day and plans to increase exports through the Kirkuk–Ceyhan oil pipeline to 500,000 barrels, while engaging with OPEC to reach 5 million barrels per day production capacity.