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Iraq's Oil Collapse Sparks Race For New Export Routes

Iraq's Oil Collapse Sparks Race For New Export Routes Authored by Simon Watkins via OilPrice.com, Iraq's oil production has collapsed to just 1.39 million bpd after the Strait of Hormuz blockade stranded exports. Baghdad is urgently trying to revive northern export routes through Turkey, including the Kirkuk-Ceyhan system and a new Kirkuk-Nineveh pipeline. China is re-emerging as a major strategic player in Iraq's energy infrastructure, with Chinese firms heavily involved in Baghdad's new north-south pipeline expansion. April was indeed the cruellest month for decades for Iraq's crude oil production, with an average of 1.389...
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Jun 17, 2026 / Tyler Durden
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