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Washington Supports Reopening of Iraqi-Syrian Oil Pipeline and Highlights Its Strategic Importance
Washington expressed its welcome for the rehabilitated Iraqi-Syrian oil pipeline, following Iraq and Syria's signing of a Memorandum of Understanding to restart its operation. The American company Chevron will be responsible for implementing the project. The pipeline aims to resume the transfer of crude oil from Iraqi fields to the Syrian port of Baniyas, thereby strengthening regional connectivity and economic security. It is considered vital infrastructure that supports stability and development in the area. The agreement also includes a broader economic cooperation framework, with Iraq expected to sign around 50 agreements worth up to $60 billion. This project is regarded as a significant step in enhancing regional cooperation and supporting energy infrastructure projects.
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