Delay Expected in Syria-Iraq Oil Pipeline
The article discusses Iraq's plan to build a pipeline for transporting oil through Syria, aiming to reduce dependence on the Strait of Hormuz, which has been damaged by its closure due to the Iran-Iraq war. The project is expected to take approximately four years to complete, at an estimated cost of no less than $15 billion. It requires entirely new infrastructure because the existing pipelines are damaged and lack modern specifications. The project will significantly increase transportation capacity compared to the old lines, with total capacity expected to reach two million barrels per day, compared to less than 300,000 currently. This project has U.S. support and is driven by the urgent need to secure alternative oil routes and lessen reliance on the Strait of Hormuz, which American officials predict will lose its importance within the next two years.
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