17 Hrs
Source:
التيار الوطني الحر
Lebanon and the Iraqi-Syrian Oil Pipeline
The article discusses the revival of the Iraqi-Syrian oil pipeline through the Syrian government's signing of memoranda of understanding with Iraq and international companies, aimed at rehabilitating the pipeline to transport oil from Kirkuk to Baniyas, with a target operational capacity of up to two million barrels per day. The project enjoys American support and seeks to diversify oil supply chains in the region and reduce dependence on the Strait of Hormuz, especially given the deteriorating regional situation and the impact of geopolitical conflicts on Iraqi exports. It is worth noting that the pipeline dates back to 1952, with operations halted in the 1980s. Implementing this project would strengthen economic integration between Iraq and Syria, and Lebanon could also benefit through the potential import of oil and local refining of petroleum products, thereby enhancing energy security and economic development in the region.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)