Syrian Iraqi MOU on strategic cooperation in the field of oil and gas

Syria and Iraq signed during the visit of Prime Minister Muhammad Naji Otri to Baghdad in April last year a joint memoranda of understanding in the areas of oil, trade and energy.

It was agreed on the rehabilitation of the Kirkuk – Banias oil pipeline and prepare a draft cooperation agreement sets a strategic integration between the two countries in all fields.

Iraqi government said last month that a preliminary agreement between Iraq and Syria will allow the export of about three million barrels of Iraqi oil a day through pipelines reach to the Mediterranean through Syria so that they are the first line capacity up to 1.5 million barrels, while the energy of second-line 1.25 million.

It added that thepipe line will be the largest heavy crude, while the line will be smaller and lighter crudes suggested the government to include a line III project to transport gas that could be used to run the pumping stations.

Syria Oil