Ministry of Oil Reveals Plans to Expand Exports and Upcoming Understandings to Secure Navigation

The Ministry of Oil announced a strategic plan to transport part of the southern oil fields' production through northern pipelines to increase export rates, activating agreements signed with the Turkish side to ensure the sustainability of crude exports. In a related context, the Ministry noted intensive dialogues with the Iranian side to ensure the smooth movement of oil tankers through the Strait of Hormuz, confirming the intention to utilize growing financial revenues to develop comprehensive infrastructure and support the national economy.