Iraq Shifts Oil Strategy by Arranging Tanker to Move Past Hormuz
Iraq’s state tanker company arranged a very large crude carrier to transport 2 million barrels beyond the Strait of Hormuz, marking a move toward offering oil outside the Persian Gulf.
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3 matching records found
Iraq’s state tanker company arranged a very large crude carrier to transport 2 million barrels beyond the Strait of Hormuz, marking a move toward offering oil outside the Persian Gulf.
Iraq’s state oil marketer offered buyers contractual crude supplies for October at discounts of as much as $37 a barrel to regional benchmarks, according to a document obtained by Bloomberg.
Disrupted oil exports, costlier imports, and a weaker dinar expose Iraq's economic dependence on oil, foreign goods.
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