Iraq and Syria sign MoUs to revive Kirkuk-Baniyas oil pipeline
Al Jazeera English reports on a deal between Syria and Iraq to rebuild the Kirkuk-Baniyas crude oil pipeline linking Kirkuk fields to Syria's Baniyas port on the Mediterranean. Segments cover the pipeline's 1952 construction, closure since 2003, estimated rebuild costs of 4-8 billion dollars, two-to-three-year timeline, job creation, and potential for Syrian crude transport alongside Iraqi exports.
Source: Al Jazeera English