The Financial Times reports that Chevron and Iraq are advancing plans for a new pipeline network to create alternative oil export routes and reduce dependence on the Strait of Hormuz. The project could connect southern Iraqi oil fields to northern Iraq and extend through Syria to the Mediterranean, providing a new export corridor.
The U.S. is advancing an integrated energy and connectivity architecture across Iraq, Syria, Turkey and Jordan, with US companies positioned at the centre of the pipelines, electricity links and transport routes now under development.
During his visit to Washington with Iraqi… pic.twitter.com/crXdNlPmi2
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The effort comes after Hormuz disruptions during the Iran conflict forced Iraq and other Gulf producers to seek backup routes. The proposed pipeline, involving Chevron, TI Capital, and Syrian-Qatari investors, is part of a broader regional push to strengthen energy security and bypass the strategic waterway.
