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Baghdad, July 18 (QNA) – Iraq and Syria have signed a Memorandum of Understanding to rehabilitate a cross-border oil pipeline project.
Iraqi News Agency said US energy corporation Chevron would carry out the project that links between Iraq’s Haditha and Syria’s Baniyas.
It added that Baghdad would seal 50 agreements and MoUs with US partners, with a combined value of $60 billion.
Meanwhile, Washington welcomed the move, describing the project as essential to strengthening regional security and stability.
Separately, Chevron announced it had signed a framework agreement with the governments of Iraq and Syria to carry out the project.
It also announced deals with Iraq to advance commercial talks to develop the West Qurna 2 and Nassiriya oilfields. (QNA)
