Iraq reported exporting 10 million barrels of oil through the Strait of Hormuz in April, while the new oil minister, Basim Mohammed, stated that the country intends to engage with OPEC to increase production and reach a capacity of 5 million barrels per day
Iraq exported 10 million barrels of oil through the Strait of Hormuz in April, reported the new oil minister, Basim Mohammed, at a press conference this Saturday (16). The announcement placed the country on an agenda focused on production and export.
Mohammed also stated that Iraq plans to engage with OPEC to boost the production of the commodity and expand its export capacity. Baghdad aims to reach a production capacity of 5 million barrels per day, as declared by the minister.
Iraq reports export through the Strait of Hormuz
The export of 10 million barrels in April was presented by Basim Mohammed as a central figure in Iraq’s oil movement through the Strait of Hormuz. The information was disclosed at a press conference held this Saturday.
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The minister addressed the topic amid the intention to strengthen the country’s capacity in the sector. The statement focused on the exported volume, the role of the Hormuz route, and plans for dialogue with OPEC.
Plan involves production and export capacity
Basim Mohammed stated that Iraq intends to seek engagement with OPEC to boost oil production. The strategy also involves expanding export capacity, although the minister did not detail timelines or stages.
The goal presented by Baghdad is to reach a production capacity of 5 million barrels per day. The announcement reinforces Iraq’s focus on expanding its oil industry and exporting the commodity through the Strait of Hormuz in April.
With information from CNN Brazil.
