
Syrian Oil and Gaz News
Initial Agreement Between Syria, Iraq to Build Crude Pipeline with 3 million barrel a day
An initial agreement between Iraq and Syria to build a pipeline to the Mediterranean including one crude pipeline with a capacity of 1.5 million barrels per day and a second with 1.25 million bpd capacity, the Iraqi government said.
Government Spokesman Ali al-Dabbagh said in a statement on Saturday that the larger of the two oil pipelines would carry heavier crudes while the smaller would export light crudes.
Al-Dabbagh added that a third pipeline foreseen in the possible project would be for gas which could be used to operate pumping stations, stressing that the Iraqi government had approved the plan.
Iraq’s Deputy Oil Minister Abdul Kareem Luaibi earlier in the week announced that the Oil Ministry intends to issue a tender for the pipeline project within the next two months.
The Iraqi government has signed a series of agreements with major international oil companies to quadruple its crude oil production capacity in the next seven years, where it is expected for these agreements to raise Iraq’s oil production to 12 million barrels a day.
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