Iraq, Syria to reopen joint oil pipeline
Azzaman, August 11, 2008
"Iraq and Syria have agreed on terms to revitalize an idle pipeline that used to carry Iraqi crude to Syrian terminals on the Mediterranean, according to an official statement.
The statement issued at the end of a visit by Iraqi Trade Minister Abdulfalah al-Sudani to Syria said oil will flow in the pipeline once repairs to certain sections in Iraqi territory are completed.
Prior to the U.S. invasion of the country, the line carried nearly 300,000 barrels of oil to international markets. But U.S. bombing of Iraq during the invasion damaged certain parts of the pipeline. If fully operational, the pipeline can carry as much as 1 million barrels a day. But that capacity is difficult to attain without major repairs and investment.
The deal to jointly work together to have the pipeline running again comes following an agreement the countries signed recently to hike value of bilateral trade to $1 billion a year......"
Azzaman, August 11, 2008
"Iraq and Syria have agreed on terms to revitalize an idle pipeline that used to carry Iraqi crude to Syrian terminals on the Mediterranean, according to an official statement.
The statement issued at the end of a visit by Iraqi Trade Minister Abdulfalah al-Sudani to Syria said oil will flow in the pipeline once repairs to certain sections in Iraqi territory are completed.
Prior to the U.S. invasion of the country, the line carried nearly 300,000 barrels of oil to international markets. But U.S. bombing of Iraq during the invasion damaged certain parts of the pipeline. If fully operational, the pipeline can carry as much as 1 million barrels a day. But that capacity is difficult to attain without major repairs and investment.
The deal to jointly work together to have the pipeline running again comes following an agreement the countries signed recently to hike value of bilateral trade to $1 billion a year......"
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