Iraq And Syria Agree New Oil Pipeline

An economic adviser to the Iraqi government, Salam al-Qoraishi, said Iraq and Syria had agreed in principle to extend a pipeline with a capacity of 1.7 million barrels through Syrian territories to export Iraqi oil to the Syrian ports on the Mediterranean Sea, according to AKnews.

Iraq is currently linked to the Turkish port of Ceyhan. The new 225 km pipeline through Syria could increase Iraq’s oil output from the current 1.2 million barrels per day to 2.9 million barrels.

A committee formed by the Iraqi government has been in talks with Syria regarding the new pipeline since last summer when the Iraqi government announced it agreed with Syria to export Iraqi oil to the Syrian ports.

"The technical discussions were positive, as the Syrian technical commission showed its cooperation", said al-Qoraishi. "The technical committees overseeing the pipeline… will work to make its capacity up to 1.7 million barrels a day."

(Source: AKnews)

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