Iraq is reviewing the latest developments in the oil pipeline project from Basra to Fishkhabur and Banias.
Iraq is reviewing the latest developments in the oil pipeline project from Basra to Fishkhabur and Banias.
2026-11-14
Shafaq News – Baghdad
The Ministry of Oil discussed on Saturday the latest developments and progress of negotiations regarding the (Basra – Haditha)-(Haditha – Fishkhabur)-(Haditha – Banias) oil pipeline project, which is intended to be implemented by a consortium of foreign companies.
This came during a meeting chaired by Oil Minister Bassem Mohammed Khudair Al-Abadi, and attended by the Undersecretary of the Ministry for Extraction Affairs, the Director General of the Petroleum Contracts and Licensing Department, a representative of the Economic Department, as well as the participation of a representative of the Basra Oil Company via video conference.
The Ministry of Oil stated in a statement received by Shafaq News Agency that the meeting reviewed the stages of negotiation and discussion regarding the technical, contractual and economic issues related to the project, and discussed the level of progress in the negotiations, in addition to discussing the requirements and procedures necessary to move forward in completing them, in line with the Ministry’s strategic plans aimed at developing the infrastructure of the oil sector and enhancing crude oil export outlets.
The minister stressed the importance of expediting the resolution of all technical, economic and contractual discussions within the specified timeframes and in a way that ensures the achievement of the country’s strategic and economic goals.
It is worth noting that Iraq and Syria signed a memorandum of understanding on July 17, under US auspices, to restart the Kirkuk-Banias pipeline, allowing the resumption of Iraqi oil transport to Mediterranean ports via Syrian territory, in a move aimed at diversifying export outlets and strengthening economic cooperation between the two countries.
shafaq.com
