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Iraq declares force majeure on foreign-operated oilfields over Hormuz disruption, sources say

🇮🇶🗣️ 📜🛑 ➡️ 🛢️ 🌍 🤝 ⬇️ 🚢🌊 ⚠️💥 #IraqOil #HormuzCrisis

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Turkey emerges as revived route for Iraqi oil amid Hormuz crisis Baghdad accelerates revamp of long-idle pipeline puy out of action more than a decade ago by bomb attacks.

Baghdad accelerates revamp of long-idle pipeline puy out of action more than a decade ago by bomb attacks. Bne IntelliNews #TurkeyOil #IraqOil #HormuzCrisis #EnergyRevival #OilPipeline

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Iraq Explores Kirkuk-Turkey Oil Pipeline Amid Ongoing Strait of Hormuz Blockade Amid the ongoing US-Israel conflict with Iran in March 2026, Iraq is seeking alternative oil export routes due to the continued blockade of the Strait of Hormuz. The federal government in Baghdad is eyeing the Kirkuk-Turkey pipeline, which runs through the Kurdistan region, to export up to 250,000 barrels per day of Kirkuk crude oil. This move comes as disruptions in the Strait have halted shipments from southern Iraqi fields like Basra, causing oil production to drop sharply by around 70%, from 4.3 million to about 1.3 million barrels daily. Iraqi officials have formed committees to negotiate with the Kurdistan Regional Government (KRG) for access to the pipeline, awaiting approval that could enable exports as early as the following week. The KRG has reportedly made reciprocal demands related to salary payments and budget shares. This development highlights Iraq's vulnerability to regional tensions, as the Hormuz blockade strands tankers and surges global oil prices. President Trump has indicated plans to tap US strategic petroleum reserves to mitigate price spikes, releasing some barrels temporarily before refilling. Attacks on Basra port and nearby infrastructure have further complicated exports, with one deadly strike prompting temporary shutdowns of oil terminals. Broader energy concerns mount as Iran's threats disrupt global cargo flows, testing economic endurance in the protracted war.

Iraq Explores Kirkuk-Turkey Oil Pipeline Amid Ongoing Strait of Hormuz Blockade

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#iraqoil #hormuzblockade #kirkukpipeline

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Russian Lukoil declares force majeure on Iraqi oil Lukoil, Russia’s second-largest oil company, has declared force majeure on its operations at the West Qurna-2 oil field in Iraq due to the impact of US sanctions

Lukoil, Russia’s second-largest oil company, has declared force majeure on its operations at the West Qurna-2 oil field in Iraq due to the impact of US sanctions Bne IntelliNews #Lukoil #IraqOil #Sanctions #OilIndustry #EnergyNews

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Iraq's oil fortune: The two-decade grip of a US 'fortress' 🇮🇶 #iraqoil #uswarmongers #ushegemony #dollarhegemony shafaq.com/en/Report/Ir...

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Iraq’s Bold Quest to Pump 6 Million Barrels of Oil Daily by 2029 - WIOBS Iraq aims to boost oil production to over 6 million barrels per day by 2029, leveraging exploration and a BP deal. Here’s how it...

Iraq’s Bold Quest to Pump 6 Million Barrels of Oil Daily by 2029
wiobs.com/iraqs-bold-q...
#IraqOil #EnergyFuture #OPECPlus #OilProduction #BPDeal

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