Iraq's selection of Basrah Oil Co. to sign an oil pipeline MOU with Syria illustrates how Baghdad is giving the company a leading role in major export projects.

Iraq and Syria signed a deal to rebuild the Kirkuk-Baniyas oil pipeline with 2 million bpd capacity, reducing Strait of Hormuz reliance and

The Iraqi cabinet authorized the Basra Oil Co. to sign a memorandum of understanding with the Syrian oil ministry on the building of the project. | World News