Iraq resumes oil exports to the south after a month-long stop due to disruptions in Hormuz
Four energy sources reported that 'Iraq resumed its southern oil exports Friday, after a halt of more than a month caused by disruptions in shipping through the Strait of Hormuz. One tanker has begun to load crude.
Iraqi ports & energy sources confirmed on Friday that the Malta-flagged Agios Fanourios 1 has anchored near Iraq's southern oil terminals. The tanker is expected to load approximately 2 million barrels of Basra crude. The vessel entered the Gulf on Wednesday, a second attempt at transiting the waterway after it was among the'several' tankers who tried to enter the waterway on Sunday, during the U.S. Iran ceasefire.
According to shipping data and trade sources, the tanker will be loading crude oil at Iraq's southern port.
Two oil terminal officials said that in addition to Agios Fanourios 1, another tanker will arrive at the southern export terminals of?Iraq within two days. Abbas Araqchi, Iranian Foreign Minister, said that the Strait of Hormuz was open to all commercial vessels for the remaining 10 days of the U.S. mediated 10-day ceasefire that Israel and Lebanon reached on Thursday. Reporting by Aref Mohammed, Mohammed Aty, and Ahmed Rasheed in Basra; Writing by Enas Alashray; Editing and proofreading by Louise Heavens & Matthew Lewis
(source: Reuters)