Commodities

Iraqi Oil Ministry Refutes Claims of Buying Iranian Oil

Iraqi Ministry of Oil Denies Reports of Iranian Oil Transactions

On Tuesday, the Iraqi Ministry of Oil announced it has refuted claims suggesting that Iraq engaged in the purchase, receipt, or re-export of Iranian crude oil. The ministry emphasized that all export operations are conducted under stringent regulatory controls to ensure compliance with national and international standards.

The official statement underscores the Iraqi government’s commitment to transparency and adherence to established protocols within the oil sector.

These assertions come amidst ongoing discussions regarding regional oil trade dynamics and the importance of regulatory frameworks in maintaining industry integrity. The Ministry reiterated that any export-related activities are subject to comprehensive oversight, thereby reinforcing Iraq’s position in the global oil market.

As the country continues to navigate its energy landscape, these clarifications aim to bolster investor confidence and affirm Iraq’s dedication to maintaining a responsible and regulated oil industry.

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