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Iraq Exports First Oil Shipment in 3 Decades

Crude oil shipment made through Oil Tankers Company

Following a 30 year break, the Iraq Oil Ministry have announced a shipment of crude oil through the Oil Tankers Company. The shipment will be headed to the United States carrying a cargo of almost two million barrels, the first such delivery since the company ceased its activity in 1991.

In a statement, the Ministry revealed their plans to restore the Oil Tankers Company's global distribution of crude oil and its derivatives, in line with building an integrated fleet of tankers. In addition, the organisation have also signed agreements with the Arab Shipping Company. 

 Source: Ministry of Oil

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