Iraq has suspended crude oil exports to Syria due to security concerns, leaving Syria without 120,000 barrels daily. The end of Iranian oil supplies exacerbates the crisis, pushing fuel prices sky-high and creating severe shortages for the war-stricken nation.
Iraq has officially halted all crude oil exports to Syria, prompting significant concerns regarding the supply of this vital resource to the war-torn nation. According to statements made on social media by Iraqi parliament member Mustafa Sanad and reiterated by Foreign Minister Fuad Hussain, security issues arising from Islamist control in regions of Syria played a crucial role in this decision. This suspension leaves Syria without approximately 120,000 barrels of oil per day from Iraq, further exacerbating an already dire situation.
In addition to the Iraqi exports, domestic oil production from eastern Syria, controlled by the Kurdish-led Syrian Democratic Forces, is critically limited. The current instability has halted internal oil deliveries and eliminated imports from Iran, which previously supplied Syria with around 60,000 barrels daily. This drastic reduction in supply has led to skyrocketing fuel prices and significant shortages across the country as inventories dwindle.
The potential resurgence of terrorist groups in Syria is a primary concern voiced by Iraqi officials, emphasizing the need for vigilance while also acknowledging the Syrian people’s political choices. With the upheaval following the recent governmental change in Syria, the situation remains precarious as transport logistics falter amidst increasing commodity prices and dwindling resources, raising alarms about the humanitarian implications of this newly emerged crisis.
The article discusses the recent decision by Iraq to cease crude oil exports to Syria, which has profound implications for Syria’s energy needs amidst ongoing internal challenges. The Iraqi government has cited security concerns related to the control of various extremist groups in Syria as a key factor. Additionally, the cessation of Iranian oil supplies further complicates the energy landscape, prompting shortages and economic distress within Syria.
In summary, the halt of oil exports from Iraq significantly impacts Syria, compounding the energy crisis exacerbated by the political instability and conflict. The cessation of Iranian oil supplies and difficulties in domestic oil distribution further worsen the humanitarian situation, as fuel prices continue to rise amid dwindling reserves.
Original Source: oilprice.com
