Oil companies are actively buying oil from Iraq and other sources, with flows impacting Asian markets, including mentions of Malaysia and Myanmar.

The entities involved

• Iraq →

  sovereign state in Western Asia

  • Basra hosts the Grand Faw Port project, serving as a key transit hub for trade routes connecting China and Europe.Mon 17:06
  • Oil flows through the Strait of Hormuz as geopolitical risks in the Middle East affect oil prices, with Iraq ready to resume production.Mon 16:22
• Malaysia →

  country in Southeast Asia

  • Geographical facts confirm that Kuala Lumpur is the capital of Malaysia and Peninsular Malaysia is a portion of Malaysia.Mon 17:20
  • MIFF is based in Kuala Lumpur.Mon 12:03
• Myanmar →

  country in Southeast Asia

  • A depression is forming over the Andaman Sea near the Myanmar coast, affecting Indian coastlines and potentially prolonging the southwest monsoon over Northeast India.Mon 13:50
  • PLA Navy conducts goodwill visits to Myanmar and deploys a task group for escort missions near Somalia.Mon 13:22

Related events

• Elevated risk premiums in the Hormuz Strait are driving market activity as Iraq sells Basrah crude to buyers in Northeast Asia, while Saudi Aramco markets its early-September cargoes.Sep 8
• Iraq seeks to diversify oil exports to Europe via the Mediterranean and invites German companies for reconstruction.Sep 15
• Trade data compiled by the Turkish Statistical Institute regarding Türkiye's exports to Iraq and Italy.Aug 30
• Iraq is seeking to expand its oil production and refining capacity, leading to a new partnership deal reviving Chevron's presence in the country.Jun 7
• Indo Farm Equipment Ltd is exporting agricultural machinery to markets in Myanmar, Bangladesh, Sudan, Nepal, and Syria.Aug 26