Iraq will sign an agreement with Syria to build a pipeline linking domestically
oilfields to the Mediterranean for crude exports, an official statement said.
The cabinet authorized the Basra Oil Company general manager to sign a
memorandum of understanding with Syria’s Ministry of Oil on the project. It also
instructed the oil minister to sign an MoU with a ConocoPhillips–TI
Capital–Novaterra consortium to start exploration and development assessments of
the Akkas oil and gas field and surrounding areas.
