Crypto World News reported that on the 15th, the Syrian Petroleum Company said that the first batch of Iraqi “re-exported” oil began loading onto ships at the Banias port refinery within Syria on the same day. Due to the closure of the Strait of Hormuz, Iraqi oil exports were hindered, and transshipment via Syria became one of the alternative options.

At a press conference on the 15th, Ahmed Kubaji, Deputy Director of the Syrian Petroleum Company, said that, under an agreement reached between Syria and Iraq, Iraqi oil would first be transported by truck to the Banias refinery, then transferred to the port oil terminal, and subsequently exported by sea. The first oil tanker will load approximately 500,000 tons of oil, and the loading operation will take at least 3 days.

Kubaji said that, according to the agreement between the two sides, Syria can extract the amount of oil needed by Syria’s power plants from the oil delivered from Iraq, and the remaining portion will be delivered for export. (CCTV News)