Two countries discuss restoring project as battle over strait disrupts energy flows

The United States backs Iraq and Syria's pipeline revival efforts. This project aims to bypass the Strait of Hormuz for oil transport. American companies are expected to assist in…

Bloomberg reported that Chevron could play a role in rebuilding the pipeline, though the company declined to comment.

American companies expected to support construction of Kirkuk-Baniyas pipeline

The United States is backing Iraq and Syria's efforts to rebuild the Kirkuk-Baniyas pipeline as part of a broader strategy to diversify Iraqi oil exports away from the Strait of…

Two countries discuss restoring project as battle over strait disrupts energy flows

The Iraq-Syria pipeline project would add another potential export route while deepening economic ties between the two countries.

Iraq and Syria agreed to revive a long-shuttered oil pipeline to reduce Baghdad's reliance on the Strait of Hormuz after the Iran conflict.

Iraq and Syria agreed to restore the Kirkuk-Baniyas pipeline, reducing reliance on Hormuz. WTI reaching $110 in July 2026 at 4.9% YES.