Energy experts have urged Iraq to adopt a long-term strategic vision to diversify its oil export channels and reduce its reliance on the Strait of Hormuz, amidst escalating geopolitical tensions in the Arabian Gulf. Industry analysts emphasized that Iraq's geographic position offers multiple logistical alternatives to protect its exports, which exceed three million barrels per day and account for over 90% of state revenues.
Key proposals include reviving the pipeline through Turkey under mutually beneficial terms, exploring the Syrian pipeline route, expediting the export pipeline to Jordan's Port of Aqaba, and pursuing arrangements regarding the Iraqi-Saudi pipeline on the Red Sea. Experts highlighted that insulating the oil sector from regional political disputes is critical to ensuring financial stability and averting potential disruptions in global supply chains.
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Editor at Dijlah Point News, writing about Eco.