Iraq Explores Strategic Oil Pipelines

The Iraqi Council of Ministers has approved an initial study for strategic pipeline projects to export oil, including routes such as Basra – Kirkuk – Ceyhan and Basra – Baniyas, with the aim of diversifying export outlets and reducing reliance on a single pathway. A coalition comprising Capital Tye, Chevron, and UCC will conduct the technical and economic feasibility studies for each route, emphasizing that there are no final commitments at this stage. These projects are intended to enhance the resilience of Iraq's oil infrastructure, which is a main pillar of its economy and holds significant importance for its revenue.

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