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Iraq's Oil Export via Syria Pipeline to Take Four Years
Reuters reported that Iraq plans to export oil via a pipeline passing through Syria as part of its strategy to reduce reliance on the Strait of Hormuz. This project aims to avoid future crises. Its implementation is expected to take approximately four years at a cost of around $15 billion, and likely double that timeframe due to the need for new infrastructure, as well as potential technical obstacles. The project is part of international efforts, supported by companies such as Chevron, to decrease dependence on Gulf shipping routes imposed by political tensions, especially amid growing fears of a possible closure of the Strait of Hormuz.
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