Maritime Reader

NEWS INTELLIGENCE ARCHIVE
03 AUG 2026 MONDAY
Advanced filters
Keywords | type to search… Date: All time Sources: All Topics: All
Image for representation purposes only 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 and Syria have been discussing the revival of energy ties since the toppling of former Syrian President Bashar Al Assad. A pipeline once carried Iraqi crude from Kirkuk to the Syrian port of Baniyas on the Mediterranean, but it was shut down because of war and sanctions. In recent years, Baghdad has sought to reconnect energy infrastructure with neighboring countries as part of efforts to secure more stable export routes. The Iraqi government also instructed the oil minister to sign a separate MoU with a consortium comprising ConocoPhillips, TI Capital and Novaterra to begin discussions on exploring and developing the Akkas gas field and surrounding areas. Located near the Syrian border, Akkas is one of Iraq’s largest undeveloped gas fields and is considered important for reducing the country’s dependence on imported gas. In addition, the cabinet approved plans to invite bids for the Integrated Qayyarah Project, which a
← Back to latest
news Marine Insight ·2026-07-27

Iraq, Syria To Sign MoU For Mediterranean Oil Pipeline To Diversify Export Routes

Marine Insight
Read full article at Marine Insight →
Opens Marine Insight in a new tab
← Back to latest