Government confirmation regarding the escalation of crude oil export rates during the current month

Oil Minister, Bassem Mohammed Khudair, announced on Monday that the export rate during the current month has risen to 3 million and 400 thousand barrels per day, while pointing to reliance on three export routes including the Strait of Hormuz. The minister said that Iraq export rate in the current month reached more than 3 million and 400 thousand barrels through the outlets of the Strait of Hormuz, the Turkish Ceyhan port, and via tank trucks through Syria, noting that despite the conditions of war in the Strait of Hormuz, the Ministry of Oil was able, operating around the clock and through SOMO company, to export an average of 3 million barrels for the ninth month, but the export rate increased from the beginning of the current month until today to more than 3 million and 400 thousand daily. He added that the Ministry of Oil is working to increase export capacities in a way that provides financial revenues for the state, explaining that the goal of increasing export capacities is to enable the government to perform its duties and provide the required funds for various state expenses. He indicated that the exports are directed to European markets, Asian markets, in addition to the American market.