Saudi Arabia and Iraq Come to the Aid of Europe’s Oil Refiners

Saudi Arabia and Iraq are trying to fill Russia’s void by increasing their oil exports to the green continent, Europe.

The reports of monitoring centers show that Saudi Arabia has increased its oil exports to Europe and Iraq has also entered this field and they deliver their oil shipments to Europe either through the Sumid pipeline in Egypt or with their oil tankers through the Suez Canal.

In this way, the volume of oil exported from the Middle East to Europe has reached 2.2 million barrels per day, which shows a 90% increase compared to January, a month before the start of Russia’s military attack on Ukraine.

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