November 2010 Vol. 237 No. 11

Projects

Iraq, Syria Leaders Strike Deal For Three Crossborder Pipelines

Iraq and Syria have reached an initial agreement to build three major pipelines across their borders to carry Iraqi crude oil and gas to Syria’s port of Banias on the Mediterranean Sea. Plans call for one crude pipeline to have a capacity of 1.5 MMbpd while the second will have a capacity of 1.25 MMbpd. Details on the capacity for the gas pipeline have not been reported. Iraqi oil ministry officials said a tender for the project will be issued in the coming months. The move comes while Iraq, holder of the world’s third-largest oil reserves, is seeking to more than quadruple its current production of 2.4 MMbpd. The planned Iraq-Syrian pipelines aren’t the fi

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