Iraqi-Syrian Pipeline Project Faces $15 Billion Price Tag

The proposed infrastructure project aims to connect Iraqi oil fields to the Syrian port of Baniyas, effectively insulating exports from tensions in the Strait of Hormuz. Despite political support from Washington, industry insiders confirm that the existing, long-dormant pipeline network is beyond repair. New construction is required, a shift that significantly inflates both the projected costs and the duration of the work.

A consortium including U.S. supermajor Chevron is currently evaluating the feasibility of the route. While Youssef Qablawi, CEO of the state-owned Syrian Petroleum Company, recently suggested a three-year timeline for renovating the connection from Haditha, those directly involved in the project emphasize that four years is a more realistic estimate for completion. Once operational, the dual-pipeline system is designed to transport between 1.5 million and 2 million barrels per day. Beyond the logistical challenges, the initiative serves as a geopolitical pivot, intended to bolster the Syrian economy and dilute Iranian influence over critical energy transit lanes.