Iraq, Syria discuss oil exports via Baniyas pipeline with capacity of 2M barrels per day

Iraq and Syria have initiated discussions regarding the export of Iraqi oil through the Baniyas pipeline. This pipeline has a significant capacity of up to 2 million barrels per day, which could enhance economic cooperation between the two nations. The talks also included plans to boost trade and develop the agricultural sector, aiming for greater food security and economic integration in the region.

Iraqi Prime Minister Ali al-Zaidi and Syrian President Ahmad al-Sharaa led the discussions, which took place in Damascus. While the talks highlighted the potential for increased oil exports, specific details about the project's financing and implementation were not disclosed. This collaboration could play a crucial role in stabilizing both economies amid ongoing regional challenges.

The focus on economic cooperation reflects a broader strategy to strengthen ties between Iraq and Syria, particularly in the energy sector. As both countries navigate complex geopolitical landscapes, such initiatives may provide essential support for their economic recovery and development efforts.