New Oil Pipeline Sponsored by the U.S. Connects Haditha in Iraq to Banyas in Syria to Circumvent the Hormuz Strait
Iraq and Syria signed a memorandum of understanding to rehabilitate the oil pipeline extending from Al-Buwaydah in Iraq to the port of Baniyas in Syria, with the goal of establishing an alternative oil route to the Strait of Hormuz and reducing dependence on current transportation methods. The project will be implemented by the American company Chevron, connecting Kirkuk in Iraq to the Syrian coast on the Mediterranean Sea with a capacity of 700,000 barrels per day, after being halted since 2003. This new strategic corridor aims to enhance Iraq's independence in exporting its oil and to diminish the impact of the Strait of Hormuz on regional oil movement, as part of international alliances led by the United States.
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