Iraq signs deals to rebuild Kirkuk-to-Baniyas pipeline and cut reliance on Strait of Hormuz
Iraq has signed preliminary agreements with Western oil firms to rebuild the long-defunct Kirkuk-to-Baniyas crude pipeline, in a move aimed at widening its export options beyond the Strait of Hormuz. The deals were announced at a United States-Iraq business summit at the US Chamber of Commerce in Washington on Friday. Iraq and Syria also signed a cooperation agreement to reconstruct the pipeline, which links northern Iraq's Kirkuk oil region with Syria's Mediterranean port of Baniyas.The state news agency said Chevron will carry out the project under the agreement. The US Department of State said it welcomed the plan and described... [Continue Reading]
360LiveNews | 18 Jul 2026 00:02 LONDON
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