- Global news includes the Federal Reserve raising interest rates, intense fighting in Southern Lebanon, and negotiations concerning oil movement through the Strait of Hormuz.
- Oil exports are dependent on stability through the Strait of Hormuz, which Iraq utilizes for its logistics.
- Iran war disrupts main Gulf oil export routes, forcing Iraq to seek alternative transit through Syrian territory and utilize SOMO for international sales.
- Iran's Strait of Hormuz closure is forcing the development of bypass corridors utilizing infrastructure in Iraq, Syria, and Egypt, threatening Israeli trade.
TotalEnergies is planning pipelines to transport Iraqi oil, seeking an exploration contract with its counterpart in Syria as an alternative to the Strait of Hormuz.
3 reports, 3 independent
Updated Jul 8
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AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
TotalEnergies is planning pipelines to transport Iraqi oil, seeking an exploration contract with its counterpart in Syria as an alternative to the Strait of Hormuz.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Amid the Hormuz blockade, the US is pushing for high-level oil pipeline deals to route Iraqi commodity imports through Syrian ports.Sub-event
- Syria is emerging as a key energy export hub, utilized by Iraq as a transit point for energy flows.Sub-event
- A pipeline cooperation agreement was signed between Iraq and Syria to connect Iraqi oil fields to the Syrian coast.Sub-event
- Iraq and Syria are restoring an oil pipeline, with the US overseeing the international consortium for the project.Sub-event
- Iraq is developing new pipeline routes from Basra to Turkey and Syria, while the US prepares to withdraw troops and seeks investment.Sub-event
TotalEnergies seeks contract with Syrian counterpart to use Syria as an Iraqi oil transit route.1 source
Keep exploring
Part of
Iran's Strait of Hormuz closure is forcing the development of bypass corridors utilizing infrastructure in Iraq, Syria, and Egypt, threatening Israeli trade.Also in this story
- The US-Israeli war on Iran has led to disruptions in trade flows.
- Donald Trump views Syria as a strategic bypass for energy routes, which are proposed to pass through Iran-backed militia territory.
The entities involved
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TotalEnergies
French multinational energy and petroleum company
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Iraq
sovereign state in Western Asia
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Syria
country in West Asia
Related events
- Disruption to Hormuz shipping forces Iraq to use a Syrian energy corridor, with Qatar facilitating supply contracts via SOMO.
- Oil majors, including TotalEnergies and ExxonMobil, are committing billions to projects in Basra and Kirkuk due to economic crises in Iraq.
- Iraq seeks to diversify oil exports to Europe via the Mediterranean and invites German companies for reconstruction.
- Iraq and Turkey signed a pipeline deal to boost oil exports using the Kirkuk-Ceyhan route.
- Iraq is planning new oil pipelines connecting Basra, Kirkuk, and Ceyhan, with Qatar's UCC joining the project consortium.