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Washington, Baghdad, and Damascus Negotiate Reviving Banyas Pipeline to Bypass Strait of Hormuz
Syria, Iraq, and the United States are studying the revival of the oil pipeline from Kirkuk to the Syrian port of Baniyas, aimed at providing an alternative route for Iraqi oil exports away from the Strait of Hormuz. The project is set to commence following an agreement expected to be announced next week, which will involve extensive rehabilitation of the pipeline, inactive since the 1980s. This process is expected to take between two and three years. The project reflects regional shifts and the resumption of cooperation between Damascus and Baghdad amid improving international relations with Syria.
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