https://sputnikglobe.com/20220417/iraq-seeks-to-increase-oil-exports-to-europe-amid-ukraine-crisis-oil-ministry-official-says-1094839251.html
Iraq Seeks to Increase Oil Exports to Europe Amid Ukraine Crisis, Oil Ministry Official Says
Iraq Seeks to Increase Oil Exports to Europe Amid Ukraine Crisis, Oil Ministry Official Says
Sputnik International
BAGHDAD (Sputnik) - Iraq is looking for opportunities to export more oil to Europe amid the decline of supplies from Russia due to the crisis in Ukraine... 17.04.2022, Sputnik International
2022-04-17T18:14+0000
2022-04-17T18:14+0000
2023-01-08T16:43+0000
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According to the ministry's latest data, Iraq earned a record $11 billion through oil sales in March, while oil production has surpassed 100 million barrels."Iraq is one of the oil exporters and is intending to use its role to satisfy demands of the global market, especially European countries," Khalaf said, noting that Iraq is trying to strengthen its positions and enter new markets amid the crisis in Ukraine and decrease in fuel exports from Russia.On 24 February, Russia launched a military operation in Ukraine after the breakaway republics of Donetsk and Lugansk appealed for help in defending themselves against Ukrainian troops. In response, the West and its allies rolled out a comprehensive sanctions campaign against Moscow, which includes airspace closures and restrictive measures targeting numerous Russian officials and entities, media and financial institutions.
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Iraq Seeks to Increase Oil Exports to Europe Amid Ukraine Crisis, Oil Ministry Official Says
18:14 GMT 17.04.2022 (Updated: 16:43 GMT 08.01.2023) BAGHDAD (Sputnik) - Iraq is looking for opportunities to export more oil to Europe amid the decline of supplies from Russia due to the crisis in Ukraine, Shaker Mahmoud Khalaf, director for projects at the Iraqi oil ministry, said on Sunday.
According to the ministry's latest data, Iraq earned a record $11 billion through oil sales in March, while oil production has surpassed 100 million barrels.
"Iraq is one of the oil exporters and is intending to use its role to satisfy demands of the global market, especially European countries," Khalaf said, noting that Iraq is trying to strengthen its positions and enter new markets amid the crisis in Ukraine and decrease in fuel exports from Russia.
On 24 February, Russia launched a
military operation in Ukraine after the breakaway republics of Donetsk and Lugansk appealed for help in defending themselves against Ukrainian troops. In response, the West and its allies rolled out a comprehensive sanctions campaign against Moscow, which includes airspace closures and restrictive measures targeting numerous Russian officials and entities, media and financial institutions.
