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Iraq Approves New Mechanism for Crude Oil Exports
- Iraq introduces new mechanism for crude oil exports, expanding external transportation channels
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On August 18, 2026, the Iraqi government announced that it has approved relevant mechanisms to allow the export of crude oil through multiple ports through professional international and local companies.
The contract under the new export mechanism will take effect from September 1st and have a term of 3 months. The Iraqi government has not yet announced specific details such as the selected companies, the planned quantity of crude oil to be exported under this mechanism, and the export ports.Editor/Min Jing
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