Iraq in Talks with Iran for Oil Tanker Passage Through Strait of Hormuz

Iraq is in talks with Iran to secure permission for Iraqi oil tankers to pass through the Strait of Hormuz, according to Iraqi Oil Minister Hayan Abdul Ghani.

This move comes as Iraq, an OPEC member, has been forced to limit its production to a quarter due to full storage facilities following the outbreak of conflicts.

Oil production in Iraq has decreased to approximately 1.2 million barrels per day, from 4.4 million before the crisis. Simultaneously, the country is seeking to restart exports via the Kirkuk-Ceyhan pipeline to Turkey to offset disruptions in maritime transport.

Some ships have been attacked off the Iraqi coast during transshipments.

Source: newmoney.gr