Iraqi Oil Ministry Spokesperson says the Basra-Haditha pipeline project will export 2.5mln barrels per day through Syria, Turkey and Jordan
Context
This announcement regarding the Basra-Haditha pipeline project is significant as it highlights Iraq's commitment to expanding its export capacity, which could increase supply in the market. If these exports come online, we may see pressure on WTI prices, especially if global demand remains stable or weakens. It’s important to monitor how this development influences market sentiment and any price adjustments in the energy sector.
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