Iraqi-Syrian Agreement to Rehabilitate the Kirkuk–Banyas Pipeline

Reports indicate that a memorandum of understanding has been signed between Iraq and Syria to rehabilitate and operate the "Kirkuk–Banyas" oil pipeline under U.S. sponsorship, aiming to enhance Iraq's exports and provide an additional outlet to the Mediterranean Sea away from the Strait of Hormuz. The project represents the revival of the historic pipeline that ceased operation in 2003, with its capacity expected to reach two million barrels per day upon completion. The agreement includes technical and financial management by the American company "Chevron" and seeks to promote regional stability and achieve long-term economic benefits for Iraq and Syria, while opening the door to new investments in the energy sector.

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تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي

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