The US supported the revival of the Iraq-Syria oil pipeline
The US Department of State announced its support for the efforts of Iraq and Syria to revive the crude oil pipeline between the two countries, an action that is aimed at creating alternative routes for oil exports and reducing the global market’s vulnerability to disruptions in the Strait of Hormuz.
An American official has stated that American companies will participate in reviving the Kirkuk-Baniyas pipeline, which transports crude oil from Iraqi oil fields to the Syrian port of Baniyas on the Mediterranean coast.
A few days ago, reports were published quoting informed sources that the US is negotiating with Iraqi and Syrian parties to rebuild this pipeline and explore the construction of new oil transfer routes. According to these sources, the aim of these plans is to reduce the region’s oil export dependency on the Strait of Hormuz route and to limit Iran’s leverage over the global energy market.
The approximately 800-kilometer Kirkuk-Baniyas pipeline, which is over 70 years old, has been mostly inactive since the US invasion of Iraq in 2003.
