Exclusive-Iraq could restore oil exports to pre-war level within a week if Hormuz reopens, Basra Oil chief says

Exclusive-Iraq could restore oil exports to pre-war level within a week if Hormuz reopens, Basra Oil chief says

By Aref MohammedBASRA, Iraq, April 6 - Iraq could restore crude oil exports to around 3.4 million barrels per day within a week provided the Iran war ends and the Strait of Hormuz reopens, the head of the country’s state-run Basra Oil Company said.Among Gulf oil producers, Iraq has suffered the biggest drop in oil revenue as a result of the effective closure of the Strait, a Reuters analysis has found, because it lacks alternative shipment routes.

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