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Iraq and Syria Sign Memorandum to Rehabilitate Modern Banias Pipeline, U.S. States Oil Pipelines to Operate at Two Million Barrels per Day
Iraq and Syria signed a memorandum to rehabilitate the Maysan-Banyas oil pipeline, with the U.S. State Department confirming that the line will operate initially at a capacity of two million barrels per day. This move aims to restore a strategic energy corridor that connects Iraqi oil production to export markets in the Mediterranean Sea, and to promote security and stability in the region through bilateral partnership and an international alliance led by the United States. This initiative is considered an important step in improving oil infrastructure and contributing to regional prosperity.
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