-+ 0.00%
-+ 0.00%
-+ 0.00%
Currently, a large number of trucks are waiting in line to transport crude oil overland to ports along the Mediterranean coast. Syria is expected to be an alternative export route for Iraqi crude oil to bypass the Strait of Hormuz. Currently, a large number of trucks are waiting in line to transport crude oil overland to ports along the Mediterranean coast. Yusuf Kibraoui, CEO of Syria's state-owned oil company, said in an interview that the Iraqi government has requested assistance from Syria in exporting crude oil, which will further increase the current fuel oil transportation volume. Kiblawi said, “I expect the export of Iraqi crude oil through Syria by truck to begin as soon as possible, as the agreement between the two governments is close to being reached. Therefore, it is hoped that by mid-October, the first fleet of trucks loaded with crude oil will arrive in Syria.” Currently, Iraq has used a fleet of trucks to transport some of its fuel oil to the port of Baniyas on the Syrian Mediterranean coast. The goods continue to be exported after being loaded onto oil tankers. Baghdad is trying to consolidate its oil revenues after the closure of the Strait of Hormuz hit its finances hard. In addition to Syria, Iraq also transports trucks loaded with fuel oil through Jordan. Traders claim that small amounts of crude oil — which is also the backbone of the Iraqi economy — are also transported by truck in the same way.
Share
Listen to the news
Currently, a large number of trucks are waiting in line to transport crude oil overland to ports along the Mediterranean coast. Syria is expected to be an alternative export route for Iraqi crude oil to bypass the Strait of Hormuz. Currently, a large number of trucks are waiting in line to transport crude oil overland to ports along the Mediterranean coast. Yusuf Kibraoui, CEO of Syria's state-owned oil company, said in an interview that the Iraqi government has requested assistance from Syria in exporting crude oil, which will further increase the current fuel oil transportation volume. Kiblawi said, “I expect the export of Iraqi crude oil through Syria by truck to begin as soon as possible because the agreement between the two governments is close to being reached. Therefore, it is hoped that by mid-October, the first fleet of trucks loaded with crude oil will arrive in Syria.” Currently, Iraq has used a fleet of trucks to transport some of its fuel oil to the port of Baniyas on the Syrian Mediterranean coast. The goods continue to be exported after being loaded onto oil tankers. Baghdad is trying to consolidate its oil revenues after the closure of the Strait of Hormuz hit its finances hard. In addition to Syria, Iraq also transports trucks loaded with fuel oil through Jordan. Traders claim that small amounts of crude oil — which is also the backbone of the Iraqi economy — are also transported by truck in the same way.
Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
What's Trending