Iraq’s Oil Export Operations Nearing Activation via Turkey’s Jihan Port
On March 6, 2025, Iraq’s Oil Minister, Hayyan Abdul-Ghani, announced significant progress in activating the country’s oil export operations through the Turkish port of Jihan. This statement came amid ongoing efforts by the Deputy Prime Minister to facilitate exports, a move that is poised to enhance Iraq’s oil trade dynamics.
According to the Ministry of Oil, the anticipated activation of the export file underscores Iraq’s commitment to strengthening its position in the global oil market. The strategic importance of the Jihan port, which serves as a critical transit point for Iraqi oil, cannot be understated as the country seeks to optimize its energy resources and revenue streams.
With this development, Iraq is likely to improve its export figures, providing a boost to its economy, which is heavily reliant on oil revenues. As Iraq navigates through various geopolitical and economic challenges, the activation of exports through Jihan port may serve as a pivotal step towards achieving greater financial stability and growth.
In conclusion, the Minister’s announcement reflects the government’s intent to leverage its oil sector effectively, positioning Iraq to better engage with international markets and capitalize on favorable trading conditions.