Iraq-Syria Crude Oil Pipeline Revival

planned

Iraq and Syria have signed a new agreement to revive the long-idle Iraq-Syria crude oil pipeline. The project aims to restore a key energy corridor linking Iraq's oil-producing Kirkuk region with the Syrian Mediterranean port of Baniyas, enabling Iraq to export oil without using the Strait of Hormuz. The reconstruction will be undertaken by US energy giant Chevron, and the US State Department has declared it a priority infrastructure project. The pipeline is expected to have an initial transport capacity of two million barrels of crude daily once fully rehabilitated.