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Source:
عكس السير
New oil pipeline connecting Iraq and Syria under American sponsorship to be implemented during this period
The Iraqi Minister of Oil, signed on behalf of Haider al-Abadi, an agreement with the Syrian side to establish a new oil pipeline, aimed at reviving the Iraqi oil export route through Syrian territory instead of the historic Kirkuk–Banyas line, which has been out of operation for years. The new pipeline is expected to have a capacity of around two million barrels per day, with an implementation period of approximately 30 months from the signing of the final agreement. This effort is part of Iraq's initiatives to diversify its export outlets and reduce reliance on Gulf ports amid security challenges. Sources confirmed that the near-final agreement will be signed soon, as part of broader efforts to enhance economic cooperation in the region. An American official also emphasized that investments and development in the energy sector bolster stability and growth in the area.
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