Iraq And Syria Have Signed A Deal To Restore A Major Oil Pipeline. It Would Create An Alternative To The Strait Of Hormuz.

Source: International Business Times

The proposed project would restore the pipeline connecting the oil-rich city of Kirkuk in northern Iraq with Syria's Mediterranean coast. Getty Images Iraq and Syria signed an agreement Friday to rebuild a long-dormant oil pipeline that would give Baghdad a critical export route to the Mediterranean and reduce its dependence on the Strait of Hormuz. The agreement was signed during a U.