Iraq is dangerously dependent on its Basra export terminals. A pipeline through Jordan is the key alternative, with Iraq now reverting to the originally-planned route.

Federal Iraq has the capacity to export up to 3.8mn b/d from its southern offshore terminals. It is pushing close to this ceiling, with a record 3.63mn b/d in December, although volumes have been lower in 2019 due to Opec cuts. Baghdad also exports around 100,000 b/d of crude oil produced in the northern Kirkuk province...