Iraq begins overland oil product exports via Syria, bypassing Strait of Hormuz

Iraq has started exporting oil products by tanker trucks via Syria, bypassing the Strait of Hormuz.

According to Report, Iraq"s Oil Ministry said the shipments are being transported by road.

The tanker trucks are expected to arrive at the Syrian port of Baniyas. No further details were disclosed.

Meanwhile, Financial Times, citing Iraq"s state oil company, reported that a contract has been signed to transport 50,000 barrels of oil equivalent per day via Syrian land routes to the Mediterranean and Europe. The ministry added that it hopes to gradually expand these volumes.