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Lebanon, Iraq, and Syria: Risks and Challenges
The article highlights the rare economic opportunities available to Lebanon, Syria, and Iraq to transform their geographic positions from sources of conflicts into strategic hubs for oil, trade, and transportation, connecting the Gulf to the Mediterranean and Europe. However, it warns that the success of these opportunities largely depends on these countries' ability to secure and manage transit routes, which requires a legitimate authority, stable security, and institutions capable of turning transit into a national wealth. The article also discusses the gap between economic ambitions and the political reality, where issues of sovereignty hinder the countries’ ability to sustainably exploit these opportunities. It mentions the project to transport oil through Iraq and Syria to the Mediterranean, estimated at a value of up to $15 billion, with a capacity of up to two million barrels per day.
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