Iraq to boost pipeline crude exports to 770,000 bpd

AI Summary

Iraq is set to increase its crude oil pipeline exports from 220,000 to 770,000 barrels per day within two and a half months, to diversify export routes and reduce reliance on Gulf shipping lanes. This expansion is part of a strategic push to enhance energy export infrastructure and security.

Iraq plans to increase crude oil exports through pipelines to 770,000 barrels per day from 220,000 bpd within two and a half months, according to a government statement. The expansion forms part of a broader strategy to diversify export routes and decrease dependence on Gulf shipping lanes. Iraq currently exports crude oil through the Turkish ...