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[size=36]Syrian-Iraqi negotiations to pump oil back through the "Kirkuk-Baniyas" pipeline[/size]
Economy| 07:44 - 04/05/2023
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Baghdad - Mawazine News
The Iraqi Minister of Trade, Atheer Al-Ghurairy, revealed "relentless efforts" to develop economic cooperation with Syria, particularly in the field of oil.
Al-Ghurairy confirmed that a meeting he held with the Syrian Minister of Oil and Mineral Resources, during which views were exchanged on launching investments in the oil and energy fields in both countries, by providing facilities for Iraqi companies wishing to invest in the oil field in Syria, which in turn will ensure the re-operation of an oil pipeline. "Kirkuk-Baniyas", which connects the Iraqi oil wells with the Syrian ports in Iraq.
And the Iraqi Minister of Trade stated that restarting the "Kirkuk-Baniyas" oil pipeline will be crucial for Syria, and will contribute to ridding it of its current oil crisis, especially since the majority of its oil wells are out of control.
And he continued, "The Syrian-Iraqi oil pipeline is also of exceptional importance for Iraq, given the high cost of exporting its oil abroad now," explaining that "the likely scenarios for pumping back through the" Kirkuk-Baniyas" pipeline focus on assigning operations to repair what has been destroyed in the lands. Iraq to Baghdad, and in return, the Syrian side undertakes to repair the damages to the pipeline in its territory.
And the Iraqi minister indicated that preliminary estimates indicate that restarting the pipeline requires maintenance operations at a great financial cost, given the large amount of damage it has been exposed to in recent years, whether in the Iraqi section or in Syria.
The establishment of the Iraqi-Syrian oil export pipeline "Kirkuk-Baniyas" dates back to 1952, and was implemented by the "British Petroleum" company.
The Kirkuk-Baniyas oil pipeline was operated for intermittent periods historically, affected by the developments that took place in the region in general, and the internal changes in Syria and Iraq.
Work on the pipeline continued continuously since its inception until 1980, when it stopped working for a long period since the early eighties with the outbreak of the first Gulf War, to return to work in 1997, before it stopped again after the US invasion of Iraq in 2003. In 2010, pumping was resumed
through The "Kirkuk-Baniyas" pipelines for the third time, but this did not last long as a result of the systematic destruction that affected it under the strikes of the international coalition aircraft during the period of "ISIS" control over the areas of its routes in Syria and Iraq.
Although the aforementioned oil pipeline stopped more than 13 years ago, its importance is described as strategic, whether for Syria or Iraq. With regard to Iraq, the pipeline will reduce the costs of transporting and exporting oil, given that it is a shortcut to the northern Iraqi oil fields across the Mediterranean, which contain oil reserves estimated at 13 billion barrels, which constitutes 12% of the total Iraqi reserves of crude oil.
The "Kirkuk-Baniyas" pipeline also allows Iraq to benefit from the Syrian oil refineries to be an alternative to the refineries targeted by the Iraqi government in distant countries, and it will also help Iraq increase its daily oil production because the pipeline is designed for a large export capacity, especially as Iraq is working to increase production to 8 tons. million barrels per day by 2027.
As for Syria, the "Kirkuk-Baniyas" line can contribute to providing the oil derivatives that the country needs today, and it will be a source of energy insurance and will bring great benefits to the Syrian ports, which means that it will increase the movement of maritime navigation and stimulate the economic movement.
The Iraqi Minister of Trade, Atheer Al-Ghurairy, revealed "relentless efforts" to develop economic cooperation with Syria, particularly in the field of oil.
Al-Ghurairy confirmed that a meeting he held with the Syrian Minister of Oil and Mineral Resources, during which views were exchanged on launching investments in the oil and energy fields in both countries, by providing facilities for Iraqi companies wishing to invest in the oil field in Syria, which in turn will ensure the re-operation of an oil pipeline. "Kirkuk-Baniyas", which connects the Iraqi oil wells with the Syrian ports in Iraq.
And the Iraqi Minister of Trade stated that restarting the "Kirkuk-Baniyas" oil pipeline will be crucial for Syria, and will contribute to ridding it of its current oil crisis, especially since the majority of its oil wells are out of control.
And he continued, "The Syrian-Iraqi oil pipeline is also of exceptional importance for Iraq, given the high cost of exporting its oil abroad now," explaining that "the likely scenarios for pumping back through the" Kirkuk-Baniyas" pipeline focus on assigning operations to repair what has been destroyed in the lands. Iraq to Baghdad, and in return, the Syrian side undertakes to repair the damages to the pipeline in its territory.
And the Iraqi minister indicated that preliminary estimates indicate that restarting the pipeline requires maintenance operations at a great financial cost, given the large amount of damage it has been exposed to in recent years, whether in the Iraqi section or in Syria.
The establishment of the Iraqi-Syrian oil export pipeline "Kirkuk-Baniyas" dates back to 1952, and was implemented by the "British Petroleum" company.
The Kirkuk-Baniyas oil pipeline was operated for intermittent periods historically, affected by the developments that took place in the region in general, and the internal changes in Syria and Iraq.
Work on the pipeline continued continuously since its inception until 1980, when it stopped working for a long period since the early eighties with the outbreak of the first Gulf War, to return to work in 1997, before it stopped again after the US invasion of Iraq in 2003. In 2010, pumping was resumed
through The "Kirkuk-Baniyas" pipelines for the third time, but this did not last long as a result of the systematic destruction that affected it under the strikes of the international coalition aircraft during the period of "ISIS" control over the areas of its routes in Syria and Iraq.
Although the aforementioned oil pipeline stopped more than 13 years ago, its importance is described as strategic, whether for Syria or Iraq. With regard to Iraq, the pipeline will reduce the costs of transporting and exporting oil, given that it is a shortcut to the northern Iraqi oil fields across the Mediterranean, which contain oil reserves estimated at 13 billion barrels, which constitutes 12% of the total Iraqi reserves of crude oil.
The "Kirkuk-Baniyas" pipeline also allows Iraq to benefit from the Syrian oil refineries to be an alternative to the refineries targeted by the Iraqi government in distant countries, and it will also help Iraq increase its daily oil production because the pipeline is designed for a large export capacity, especially as Iraq is working to increase production to 8 tons. million barrels per day by 2027.
As for Syria, the "Kirkuk-Baniyas" line can contribute to providing the oil derivatives that the country needs today, and it will be a source of energy insurance and will bring great benefits to the Syrian ports, which means that it will increase the movement of maritime navigation and stimulate the economic movement.
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