Iraq is set to sign a landmark agreement with Syria to construct oil pipelines that will connect oil production sites to global export markets via the Mediterranean. The move aims to boost Iraq's oil exports and strengthen its economic ties with Syria.
The agreement will enable Iraq to transport its oil to global markets through the Mediterranean, bypassing traditional routes that have been disrupted by regional conflicts. This development is expected to have a significant impact on the global oil market, with Iraq's oil exports potentially increasing as a result.