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Iraq’s Ministry of Oil has announced that the country will resume oil exports from all its fields within the next few days. Ministry spokesperson Saheb Bazoun confirmed the development in an interview with the Iraqi News Agency, stating that Iraq is in contact with major companies and tankers to finalize export agreements. He emphasized that all oil fields are ready for operation and that the ministry’s doors remain open to all companies.
Bazoun added that accelerating the export process will help bring economic stability, increase state revenue, and strengthen domestic oil production. He also noted that the move will support local demand for liquid and dry gas, ensuring continued operation of power plants.
Separately, Iraq’s Ministry of Transport reported that a large oil tanker has arrived at Basra port. This marks the first Iraqi shipment since the reopening of the Strait of Hormuz, from which two million barrels of oil are expected to be loaded.
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