B · Normal
[Iraq transports 2 million barrels of crude oil out of the Strait of Hormuz for delivery] October 4th, the Iraqi Tanker Company confirmed on the 3rd that it had used a large tanker to transport 2 million barrels of crude oil out of the Strait of Hormuz and delivered it to buyers waiting outside the strait. According to company executives, this is the first time in decades that the state-owned company has delivered goods through this method. It is reported that other Gulf oil-producing countries have already adopted ship-to-ship transshipment to deliver goods outside the strait, and Iraq is already "late." Ali Qais Abdul Jabbar, president of the Iraqi Tanker Company, said in a statement that the ship-to-ship transshipment method will allow the National Petroleum Marketing Authority to have more initiative and flexibility in selling and pricing oil. Iraq previously mainly delivered goods to buyers at the southern oil port of Basra. After the outbreak of war in Iran, shipping in the Strait of Hormuz was blocked. In order to encourage buyers to come and pick up the goods, Iraq expressed its willingness to give a discount of more than 20 US dollars per barrel. (CCTV News)
Global market intelligence 🕐 2026-10-04 11:33

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