Iraq Opens New Oil Route Through Syria

Syria is preparing to open a land route for transporting Iraqi oil through Syrian territory, aiming to reduce dependence on the Strait of Hormuz and the threats posed by maritime operations in the Gulf. The export of Iraqi crude oil via this route is expected to begin soon, with the first convoy expected to arrive by mid-October. Currently, approximately one thousand trucks transport around 220,000 barrels of fuel oil daily. The Syrian Petroleum Company plans to store the crude at the port of Baniyas and ship it by sea to the Mediterranean. Data confirm that Iraq's exports reached 2.7 million barrels per day last month, despite the disruptions in the Strait of Hormuz. This move is part of Iraq's efforts to diversify its export outlets and reduce security risks, although neither the Ministry of Oil nor SOMO has issued any official comments so far.

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