Iraq has approved plans to sign a memorandum of understanding (MoU) with Syria to build an oil pipeline connecting Iraqi oil production sites to global export markets through the Mediterranean, as Baghdad looks to diversify its crude export routes and expand its energy infrastructure.
The Iraqi cabinet authorised the director general of Basra Oil Company to sign the MoU with Syria’s Ministry of Energy, according to an official cabinet statement issued after a series of energy-related decisions approved on Saturday.
If completed, the pipeline would give Iraq another route to export crude through the Mediterranean, reducing its reliance on Gulf export terminals and the Iraq-Turkey pipeline to the Turkish port of Ceyhan, which has faced repeated disruptions.
The cabinet did not provide details on the pipeline’s capacity, financing or construction timeline.
The proposal is part of a effort by Iraq to strengthen its oil and gas sector, expand export options and attract foreign investment.
Iraq
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