Iraq To Sign Agreement With Syria On Building Of Oil Pipelines

By Khalid Al-Ansary

Jul 25, 2026 (Bloomberg) –Iraq will sign an agreement with Syria on the construction of pipelines linking oil production sites to global export markets via the Mediterranean, according to a statement.

The Iraqi cabinet authorized the director general of Basra Oil Co. to sign a memorandum of understanding with the Syrian oil ministry on the building of the project, the cabinet said in the statement.

Iraq’s government also instructed the oil minister to sign a memo with a consortium including ConocoPhillips, TI Capital and Novaterra to begin discussions on assessing the exploration and development of the Akkas field