Thursday, March 26, 2026
19 C
Baghdad

Iraq Pursues Revitalization of Oil Pipeline to Syria for Economic Gains

In an effort to diversify its oil export channels amidst growing regional challenges, Iraq has dispatched a high-level delegation to Damascus to explore the possibility of repairing and operating the oil pipeline linking the two countries.

This visit, coordinated under the direction of Prime Minister Mohammed Shia Al-Sudani, is part of Iraq’s broader strategy to strengthen regional ties and reinstate an essential oil export route as a key component of its economic agenda.

The delegation is led by Hamid Al-Shatri, the chief of the National Intelligence Service, and includes officials from the Border Ports Authority as well as representatives from the Ministries of Trade, Oil, and Interior. The discussions focus not only on enhancing cooperation in areas like counterterrorism and border security but also on the potential resumption of oil flows through the Kirkuk-Baniyas pipeline, a critical link between Iraq and the Mediterranean.

The Kirkuk-Baniyas pipeline, established in 1952, spans 800 kilometers and can pump up to 300,000 barrels of oil daily. However, its operations have been disrupted by regional instability over the years. With Iraq’s oil exports through the Turkish port of Ceyhan suspended for two years, reviving this pipeline has become a strategic priority for Baghdad, offering a vital route to the Mediterranean.

Despite its importance, the pipeline faces numerous challenges, including extensive damage to its infrastructure from the Syrian conflict and an estimated restoration cost of over $8 billion. Nevertheless, Iraq is eager to overcome these hurdles to secure a safer and more reliable export path for its oil.

Hot this week

Al-Sudani-Jordan Talks, Stress, Regional Stability, and Economic Challenges

Prime Minister Mohammed Shia al-Sudani held phone talks with...

Al-Sudani Qatar Talks Focus on Regional Security and Energy

Prime Minister Mohammed S. Al-Sudani held phone talks with...

Strait of Hormuz Restrictions Threaten Global Economy, Says ADNOC

ADNOC CEO Sultan Al-Jaber condemned potential Strait of Hormuz...

Iraq UN Security Council Complaint Gains French Support

Prime Minister Mohammed Shia al-Sudani requested French support for...

Gold Prices in Iraq Dip in Baghdad and Erbil

Gold prices in Iraq fell on Thursday, affecting major...

Topics

Al-Sudani-Jordan Talks, Stress, Regional Stability, and Economic Challenges

Prime Minister Mohammed Shia al-Sudani held phone talks with...

Al-Sudani Qatar Talks Focus on Regional Security and Energy

Prime Minister Mohammed S. Al-Sudani held phone talks with...

Strait of Hormuz Restrictions Threaten Global Economy, Says ADNOC

ADNOC CEO Sultan Al-Jaber condemned potential Strait of Hormuz...

Iraq UN Security Council Complaint Gains French Support

Prime Minister Mohammed Shia al-Sudani requested French support for...

Gold Prices in Iraq Dip in Baghdad and Erbil

Gold prices in Iraq fell on Thursday, affecting major...

USD/IQD Exchange Rates Climb Sharply in Baghdad and Erbil

Traders in Iraq witnessed a sharp increase in the...

Iraq CF War Decision: Framework Backs State Control Over Conflict

Iraq's CF decision on war dominated discussions during an...

Oil Price Surge: Crude Nears $150 on Strait of Hormuz Tensions

Oil price surge outlook pushed global crude higher on...

Related Articles