Syria expects up to 1,000 Iraqi oil trucks daily, Bloomberg reports
Syria is preparing to receive around 1,000 trucks of Iraqi crude oil per day as part of a near-finalized export agreement, according to Bloomberg.
Syria is set to receive up to 1,000 Iraqi oil trucks daily, following a near-finalized export agreement, as reported by Bloomberg. Youssef Qablawi, CEO of the state-owned Syrian Petroleum Company, revealed that the Iraqi government has approached Syria to assist in exporting crude oil, in addition to ongoing fuel oil shipments. Qablawi disclosed in an interview with Bloomberg that the agreement between Syria and Iraq is almost finalized, with the first shipments of Iraqi crude oil projected to be transported via trucks to Syria by mid-October.
This development occurs amid ongoing attacks on ships traversing the Strait of Hormuz, despite recent improvements in shipping flows through the strait. The new plan is anticipated to enhance Syria's status as a secure alternative route for Iraqi oil exports, following the disruption of regional shipments due to the end-of-February conflict.
Written by urgent.news from Ajel English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
