{"id":255989,"date":"2026-08-19T11:09:07","date_gmt":"2026-08-19T11:09:07","guid":{"rendered":"https:\/\/www.europesays.com\/iran\/255989\/"},"modified":"2026-08-19T11:09:07","modified_gmt":"2026-08-19T11:09:07","slug":"iraq-approves-three-month-plan-to-export-oil-through-local-foreign-firms","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/iran\/255989\/","title":{"rendered":"Iraq approves three-month plan to export oil through local, foreign firms"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Baghdad (IraqiNews.com) \u2013 The Iraqi cabinet approved on Wednesday a three-month plan to export crude oil with the help of specialized local and foreign corporations through different outlets starting September 1, 2026.<\/p>\n<p class=\"wp-block-paragraph\">The short-term plan comes in response to shipping difficulties in the Strait of Hormuz caused by the military conflict between Iran and the United States.<\/p>\n<p class=\"wp-block-paragraph\">Iraq is extending its transit network to include alternate overland and pipeline routes through Turkey and Syria to maintain oil supplies to global markets.<\/p>\n<p class=\"wp-block-paragraph\">This emergency action seeks to safeguard the primary source of the country\u2019s national income, as Iraq is heavily dependent on its southern export outlets located on the Arabian Gulf.<\/p>\n<p class=\"wp-block-paragraph\">Prime Minister Ali al-Zaidi\u2019s cabinet approved oil purchases at a lower price compared to the official rate of the Iraqi state-owned company responsible for marketing the country\u2019s oil (SOMO) or the federal budget price, with an annual 30 percent discount.<\/p>\n<p class=\"wp-block-paragraph\">The Iraqi Oil Ministry will develop new transportation routes and renew current contracts to increase pipeline flow capacity across neighboring nations.<\/p>\n<p class=\"wp-block-paragraph\">The government has yet to officially disclose the specific names of the selected local and foreign enterprises, as well as the exact allocations per route.<\/p>\n","protected":false},"excerpt":{"rendered":"Baghdad (IraqiNews.com) \u2013 The Iraqi cabinet approved on Wednesday a three-month plan to export crude oil with the&hellip;\n","protected":false},"author":2,"featured_media":255990,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[14],"tags":[2340,34,94,213,3394,95,43488,16585,1690,1176],"class_list":["post-255989","post","type-post","status-publish","format-standard","has-post-thumbnail","category-iraq","tag-global-markets","tag-iran","tag-iraq","tag-oil","tag-somo","tag-syria","tag-the-arabian-gulf","tag-the-strait-of-hormuz","tag-the-united-states","tag-turkey"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@iran\/117121867077743507","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/255989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/comments?post=255989"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/255989\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media\/255990"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media?parent=255989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/categories?post=255989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/tags?post=255989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}