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Iraq diversifies export routes to boost oil shipments via Ceyhan
Iraqi Prime Minister Ali al-Zeydi announced plans to increase oil exports through Türkiye’s Port of Ceyhan and use ports in Syria and Jordan as alternative routes. The Baghdad administration also aims to raise daily oil production to 8–10 million barrels within six years.
Iraqi Prime Minister Ali al-Zeydi announced his country’s plans to increase energy exports at the 8th Baghdad Dialogue Conference. While the Baghdad administration is working to increase the transport of oil through Türkiye’s Port of Ceyhan, it is also considering the ports of Baniyas in Syria and Aqaba in Jordan among the alternative routes.
Al-Zeydi said they were working to establish alternative routes to the Strait of Hormuz, which is critical for oil exports. The Iraqi prime minister said it would be fair for his country to receive a share of crude oil exports proportionate to its population and reserves.
Target of 8–10 million barrels for production
The Iraqi government aims to raise daily oil production to 8–10 million barrels over the next six years. Al-Zeydi said they were working to reach this level within six years and aimed to increase Iraq’s production quota within the Organization of the Petroleum Exporting Countries (OPEC).
Baghdad signals it will avoid conflict
Al-Zeydi said Iraq had no intention of entering any armed conflict. He said the country’s political forces agreed that weapons should remain under state control and added that Iraq would not allow its enemies to exploit opportunities.
Al-Zeydi also said the government was working on mechanisms for the handover of weapons and that the fight against ISIS was being sustained for the benefit of the region and the world.
Economic reform and energy priorities
The Iraqi prime minister said the government had multiple options for addressing the country’s economic problems during this difficult period. He said officials were working to ensure more effective use of border crossings and develop solutions to economic problems.
Al-Zeydi announced that they had secured the payment of public employees’ salaries and established alternative routes for oil exports. He said next year’s budget would serve as a roadmap for the future of the Iraqi economy, adding that priority would be given to expanding electricity generation, distribution and transmission, as well as the use of solar energy.
Al-Zeydi said combating corruption was among the government’s priorities, adding that they had the support of political forces and would not retreat from this effort.
Al-Zeydi said the government was focused on developing the economy rather than forming a new government. He said Iraq had the means, resources and will to overcome its current challenges.
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