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Iraq Looks to Triple Pipeline Oil Exports as Hormuz Remains Closed
Iraq plans to triple within three months its exports of crude oil through Kurdistan to the Turkish Mediterranean port of Ceyhan as OPECโs second-largest producer is one of the Middle Eastโs producers worst affected by the closed Strait of Hormuz. The Iraqi government has approved a plan to hike crude exports to Ceyhan and onto international markets from the Mediterranean as the blocked Strait of Hormuz has cut most of Iraqโs oil shipments. Iraq is seeing the worst of the Middle East crisis as its heavily oil-dependent economyโฆ