Iraq-Syria Pipeline to Bypass Hormuz Could Be Revived Within 3 Years
An old Iraq-to-Syria oil pipeline that bypasses the Strait of Hormuz could be up and running within three years, a senior Syrian official has said. The Hormuz crisis that cut off most of Iraq’s crude oil exports has accelerated plans by Iraq and Syria to rebuild a damaged oil pipeline to ship crude oil from the Iraqi fields in Kirkuk to Syria’s Mediterranean coast. The completion of the…
An old pipeline connecting Iraq and Syria, designed to avoid the Strait of Hormuz, could be operational within three years, according to a senior Syrian official. The crisis that disrupted Iraq's oil exports through Hormuz has sped up the plans for rebuilding the pipeline from Iraq's Kirkuk fields to Syria's Mediterranean coast.
Youssef Qablawi, CEO of Syria's state-owned Petroleum Company, stated that the pipeline renovation could be completed in "three years at most". Discussions are underway to finalize the contract and attract investors for the project. The pipeline is projected to have a capacity of 1.5 million to 2 million barrels per day. The U.S. has shown support for the plan, hoping American companies will be part of the reconstruction efforts.
This pipeline would significantly enhance Iraq's oil exports, reduce its reliance on Hormuz, lessen Iran's influence in the region, and alleviate the economic challenges faced by Syria post-war.
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