Iraq to boost pipeline crude exports to 770,000 bpd in Freight News 03/06/2026 Iraq plans to increase crude oil exports through pipelines to 770,000 barrels per day from 220,000 bpd within two and a half months, according to a government statement. The expansion forms part of a broader strategy to diversify export routes and decrease dependence on Gulf shipping lanes. Iraq currently exports crude oil through the Turkish Mediterranean port of Ceyhan. Exports from the southern route have been reduced due to the closure of the Strait of Hormuz. The strait’s closure has pushed Baghdad to seek alternative export channels. Iraq plans to sign an agreement with Syria to transport, store and handle shipments of Basrah Light, Basrah Medium and Basrah Heavy crude through the Mediterranean ports of Baniyas and Tartous. Baghdad also intends to establish a representative office of the oil ministry to oversee export operations through the route, the statement said. Source: Investing.com 2026-06-03 hellenicshippingnews... tweet Share