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Announcement :
17.07.2026
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17.07.2026
basra-baniyas-oil-pipeline-078733

On 17 July 2026, Iraq and Syria signed a cooperation agreement to rehabilitate the long-idle Iraq–Syria crude oil pipeline running to the Mediterranean port of Baniyas. According to Iraq's state news agency, Chevron will carry out the project.

Project Scope

  • Route: from Kirkuk in northern Iraq to the port of Baniyas, according to Al Jazeera English.
  • Initial capacity after rehabilitation: 2 million barrels per day of crude oil, according to the US State Department.

Parties

  • Implementing company: Chevron, according to Iraq's state news agency.
  • Relevant Syrian government bodies: the Ministry of Energy and the Syrian Petroleum Company.

Current Stage

The project is at the planning stage following the cooperation agreement; the technical and financial aspects are to be handled by an international consortium, according to the US State Department.

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