Iraq signs agreements with Western oil companies to restore Syria pipeline

Iraq has signed multiple agreements with Western oil companies, including Chevron, to restore the Iraq-Syria crude oil pipeline from Kirkuk to Syria’s Baniyas, aiming to reduce reliance on the Strait of Hormuz. The US Department of State supports the project, highlighting its potential to transport 2 million barrels of crude oil daily. Additionally, Iraq’s government has engaged with Starlink for operations in the country, with total agreements worth over $60 billion across various sectors.

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