Iraq is planning to develop a pipeline to export oil through Syria, aiming to reduce reliance on the Strait of Hormuz. According to a report by Reuters, the reconstruction of the pipeline is expected to take four years and cost at least $15 billion. The information was provided by two sources familiar with the project.
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Iraq plans oil pipeline through Syria, projected to cost $15 billion and take four years
Iraq is planning a new oil pipeline that would export oil through Syria, with a projected cost of at least $15 billion and a timeline of four years for reconstruction. This initiative aims to mitigate potential disruptions in the Strait of Hormuz.
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Original Headline
Iraq oil pipeline plan would take years to build, cost billions: Report
Neutral Headline
Iraq plans oil pipeline through Syria, projected to cost $15 billion and take four years