Iraq approves 3-month mechanism to export crude via local, international firms

Iraq is seeking to diversify its oil export channels and maintain flexibility in marketing its crude amid the Iran war and the closure of the Strait of Hormuz

Iraq is seeking to diversify its oil export channels and maintain flexibility in marketing its crude amid the Iran war and the closure of the Strait of Hormuz.

Iraq approves three-month mechanism for crude oil exports via local, international firms Iraq's cabinet approved mechanisms for exporting Iraqi crude through specialised international and local companies and via multiple export outlets, the government said on Tuesday. According to a statement issued after the cab