Syria and Iraq plan new oil pipeline

Dec 27, 2003 01:00 AM

Syria's oil minister says his country is discussing with Iraq a project to build a new oil pipeline between the two neighbouring Arab nations.
Ibrahim Haddad said the planned pipeline would have a 1.4 mm bpd capacity and link Iraqi oil fields with Syrian terminals on the Mediterranean Sea.

He said the sanctions that the United States is threatening to impose on Syria under the Syria Accountability Act "would not affect the Syrian oil sector."
"The oil sector might be affected slightly in terms of excavations and prospecting, but marketing will not be undermined as scores of European and Eastern companies are competing to get our oil products," Haddad said.

Syria's current oil production is 500,000 bpd, of which 200,000 bpd are consumed domestically.
He also said Damascus signed an agreement with Turkey allowing an Arab natural gas pipeline going through Egypt, Jordan, Saudi Arabia and Lebanon to cross Turkish territory to Bulgaria, Romania, Hungary and Austria.

Source: United Press International
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