Iraq speeds up oil pipeline projects

Iraq is seeking to accelerate the construction of a pipeline that connects the oil-producing regions in the south and north to the Mediterranean ports in Turkey and Syria, aiming to provide an alternative to oil exports that have been halted due to the blockade of the Strait of Hormuz and the worsening regional conditions. The pipeline's goal is to enhance export capabilities and reduce dependence on maritime shipping, with the possibility of expanding it to reach the Port of Aqaba in Jordan. Iraq heavily relies on oil exports, which account for more than 90% of its revenues, and faces challenges related to the cost and security of land transport compared to maritime services, especially amid ongoing Iranian threats and attacks on infrastructure.

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