Iraq says oil output can return to normal within days of Strait of Hormuz reopening
Iraq’s deputy oil minister Basim Mohammed says the country can quickly restore oil production and exports once the crisis in the Strait of Hormuz subsides.
Speaking during ongoing disruption to Gulf shipping, Mohammed said Iraq could return to normal output within seven days after conditions stabilise.
He added that production currently stands at about 1.5 million barrels per day, with roughly 200,000 barrels exported daily through the Ceyhan terminal in Turkey.
The minister said two tankers are already prepared, with two more expected to be deployed depending on security conditions in the strait, which has been largely closed during the US-Israel war on Iran.