An official source welcomes the agreement of the transfer of Iraqi oil and gas via Syria

An official source on Monday welcomed Syria’s signing of the minutes of the meeting which took place in Damascus on 25 August 2010 between the ministries of oil in Iraq and Syria on the transport of Iraqi crude oil and gas to the Mediterranean coast through Syrian territory.

the official Syrian news agency (SANA) quoted the source, as saying that “This important step contributing to the development of relations between the two countries and is active in economic cooperation between them, in the interests of the two brotherly peoples.”

The record also take advantage of the capabilities available in existing oil transportation system, as well as take advantage of the system of transporting and processing gas currently exist in Syria.

technical committees will hold meetings in Damascus during the next few days.

Eng. Sufian Allaw Minister of Oil and mineral Resources discussed with Abdul Karim Bahez Allaibi , Iraqi Deputy Oil Minister in last May ways to enhance cooperation between Syria and Iraq in the transfer of crude oil and natural gas from Iraq to Syria and across to other States.

The two sides discussed the possibility of transfer of Iraqi crude oil to Syria through the current line connecting the Kirkuk-Banias and the establishment of new lines for the transfer of other amounts of crude oil to Syria and exported through the port of Banias.

The two sides also discussed areas of cooperation to create lines for the transfer of Iraqi natural gas to be processed in or exported to Syria and outside addition to the discussion and cooperation to complete the rehabilitation of the Iraqi Akkas gas near the Syrian-Iraqi border.

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The pipeline Kirkuk – Banias is the oil pipeline with a length of more than 800 km, up the pipeline between Kirkuk oil field in Iraq and the port of Banias in Syria with a capacity of about 300,000 barrels per day, opened in 1952 and reopened for the time first in November 2000 after the cessation of lasted 18 years before being closed again during the U.S. invasion of Iraq in March 2003.

Syria was imported from Iraq by March 2003, about two hundred thousand barrels of oil per day at preferential prices.

Akkas field is located near the Iraqi border with Syria, believed to contain around seven trillion cubic feet of gas, or about 6% of estimated total gas presence in Iraq of 112 trillion cubic feet.

Akkas can produce about 50 million cubic feet of gas per day with the possibility of increasing this amount to 450 million cubic feet per day in the event of a further development of the field.
The Iraqi government is keen to start operations in this field as soon as possible and export production through Syria to Europe.
Syria Oil