Rehabilitation of Kirkuk-Baniyas Oil Pipeline

planned

Iraq and Syria signed memoranda of understanding in Washington to rehabilitate the Kirkuk–Baniyas crude oil pipeline, a historic oil transport corridor linking Iraqi oil production to Mediterranean export markets. The project aims to restore the pipeline, inactive since 2003, to an initial capacity of about 2 million barrels per day. The rehabilitation involves a US-led international consortium, with Chevron assigned a leading role in implementation. The project is strategically significant as it provides an alternative export route bypassing the Strait of Hormuz, enhancing regional energy security and economic cooperation between Iraq and Syria.