Source: Al Monitor
By Omar Sattar
As Iraq exports most of its crude oil production, the Iraqi government is trying to diversify its oil export outlets in a bid to avoid any damage that could result from the tense security situation in the Gulf region.
Iraqi Prime Minister Adel Abdul Mahdi said in a press conference July 9 said that the government was considering export routes through Syrian and Jordanian territory, and added that Baghdad is “worried about the current events in the Strait of Hormuz and their potential impact on the Iraqi economy.”
Last month, Iraq’s production of crude oil reached 3.52 million barrels per day exported through the port of Basra, situated on the Persian Gulf, and the pipeline extending from Kirkuk to the Turkish port of Ceyhan.
Iraq and Jordan agreed in February to activate the agreement to extend an oil pipeline with a capacity of 2 million barrels per day from Basra to the Jordanian port of Aqaba.
Some reports also point to Baghdad’s intention to build a new pipeline to Turkey to replace the current pipeline, which is subject to ongoing acts of vandalism.
Read more at: https://www.al-monitor.com/pulse/originals/2019/07/iraq-syria-jordan-pipeline-oil.html#ixzz5uHynP9ro
Image sourced: Platts