Iraq is planning to purchase ten large oil tankers, also known as supertankers, to enhance its ability to transport and sell crude oil on the international market. This initiative aims to decrease the expenses associated with oil transportation and strengthen Iraq’s position in the global energy sector. The move is a strategic effort by Baghdad to gain more control over its oil exports and optimize its revenues. Details surrounding the financial aspects and specific delivery timelines were not immediately available. This development comes as Iraq continues to rebuild its economy following years of conflict. The acquisition underlines Iraq’s commitment to maximizing its oil resources and becoming a more prominent player in the world’s oil trade. Iraqi News first reported the planned purchase.

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