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2026-09-16 14:36:08
[Iraq Seeks Market Diversification to Expand Oil Exports to Europe] Iraqi Prime Minister Muammar Zaidi proposed exporting crude oil to Germany during his visit to Germany on the 15th. Iraq's oil exports have traditionally been directed towards Asia, but the current government is promoting market diversification and expanding oil exports to Europe. Zaidi arrived in Berlin on the 15th and held talks with German Chancellor Merz. After the meeting, Zaidi told the media that Iraq possesses abundant raw materials and a large labor force, but needs more technology and expertise, and welcomed "German companies and companies from other countries" to do business in Iraq. Zaidi proposed exporting crude oil to Germany and building oil pipelines to realize this vision. He stated that cooperation between the two sides would not be a one-sided benefit. Due to its geographical location, Iraq has long exported oil to Asia, but the current government hopes to diversify its oil export markets. Iraq currently has oil pipelines to Turkey and Syria and plans to export oil to France via the Mediterranean. Zaidi said, "Our vision is to double oil production, aiming for 9 to 10 million barrels per day," with half of that production going to Europe. (Xinhua International)
