A leading spokesman for the Iraqi Oil Ministry has said on Monday that the current tense situation in Egypt would not affect Iraq's oil exports, reiterating that the rise in oil prices would benefit Iraq, according to a report from Aswat al-Iraq.
Assem Jihad said that "the Iraqi Oil Ministry is exporting oil from two outlets, the first in southern Iraq, through the Iraqi terminals on the Arab Gulf and the second from north Iraq, through pipelines passing through Turkey," adding that "foreign companies are being supplied by oil through those two outlets, according to contracts signed with Iraq."
Noteworthy is that chaos in Egypt has caused the increase of oil prices, with fears that oil exports through the Suez Canal might be restricted.
(Source: Aswat al-Iraq)
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