Iraq boosts crude oil exports

The Iraqi Ministry of Oil announced that crude oil exports have reached two million barrels per day since the beginning of August, indicating an improvement in the export rate after previous periods of disruption. This figure is significant for Iraq’s economy, which relies heavily on oil revenues to fund the budget, but details regarding export outlets, shipment volumes, and prices have not been disclosed yet. Market analysts are expected to monitor data from SOMO and the Ministry of Oil to assess the stability of exports moving forward.

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