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Syria aims to restore oil pipeline with Iraq within three years
The article discusses expectations of rehabilitating the oil pipeline between Iraq and Syria within three years. Currently, negotiations are underway for a final contract for the project connecting the two countries, aiming to restart the pipeline that has been non-operational since 2003. The implementation is expected to take between 30 months and three years, and the pipeline will facilitate the transport of Iraqi oil through Syria to the Mediterranean Sea, with a capacity of up to 1.5 to 2 million barrels per day. This will enhance Syria's revenues and increase its oil production, which is expected to reach 250,000 barrels per day by the end of 2027.
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