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Iraq eyes Europe as it seeks to diversify oil exports: PM

Middle East 2 sources 2 countries 🔦 Under-reported 16m ago

Iraqi Prime Minister Ali al-Zaidi announced on Tuesday that Iraq is exploring the sale of oil to European markets following official visits to France and Germany. Speaking at a press conference alongside German Chancellor Friedrich Merz in Berlin, the prime minister stated that the initiative is part of a broader strategy to diversify the nation's export routes.

The proposed pivot toward Europe is primarily aimed at reducing Iraq's heavy reliance on the Strait of Hormuz for shipping its petroleum products. The diplomatic push highlights Baghdad's active efforts to secure alternative international markets and mitigate geopolitical and logistical vulnerabilities associated with its current export pathways.

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Read the full story at the source Arab News · SA
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