At a Glance 

• The Plan: Constructing a strategic new pipeline network split into two major land corridors.
• The Routes: Connecting Basra to Turkey via Pishkhabur, and to the Mediterranean via Baniyas, Syria.
• The Goal: Iraq is bypassing the closed Strait of Hormuz to safeguard its crude oil exports.

Iraq plans to construct a strategic crude oil pipeline network running through Pishkhabur and Baniyas to diversify its global export routes.

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Key Statement and Focus Area

• The Deputy Oil Minister for Extraction Affairs emphasized that the new pipeline routes will diversify Iraq's export channels away from its southern ports.
• He noted that, “This infrastructure will enhance the flexibility of the country's export system and offer multiple avenues to market and transport crude oil to global markets.”

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Deputy Minister Naseer Aziz chaired a meeting that included the Basra Oil Company Director General and officials from the North and Missan oil companies, SOMO, and the planning department.

The meeting discussed a new pipeline network project aimed at developing infrastructure and diversifying export routes and focused on the technical and executive requirements of the project.

The official urged accelerated implementation and the finalization of investment talks with a UCC, TI Capital, and Chevron consortium under a Build-Own-Operate-Transfer (BOOT) model.

The project entails constructing a new pipeline network split across two strategic corridors: Basra–Haditha–Pishkhabur and Haditha–Baniyas.

“This development aims to modernize crude transport infrastructure and strengthen Iraq's capacity to diversify its oil export outlets,” the minister added.

FYI

Iraq is overhauling its crude oil routes to bypass the volatile Strait of Hormuz closure, which crippled over 80% of its maritime exports.

To secure immediate revenue, Baghdad signed a one-year interim agreement with Ankara to export 750,000 barrels per day to Turkey's Ceyhan port at a fixed tariff of $1.62 per barrel.

The new route will channel crude from Basra up to the Pishkhabur border hub to feed directly into Turkish infrastructure.

The western route utilizes a recent, U.S.-brokered pact with Syria to construct a line parallel to existing corridors to the Mediterranean port of Baniyas.

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