Lebanon proposed to Iraq a transit route for oil through the…
Lebanon proposed to Iraq a transit route for oil through the Mediterranean Sea, bypassing the Strait of Hormuz, during negotiations in Baghdad, according to The National newspaper citing officials from both countries.
Consensus
- Lebanon proposed an alternative oil transit route from Iraq to the Mediterranean Sea during talks in Baghdad.
- The proposal aims to bypass the Strait of Hormuz, which has been blocked since February.
- Iraq's oil exports have significantly declined due to the blockade, dropping from 4.2 million barrels per day to 1.5 million barrels per day between February and May.
- Lebanon suggested using its territory as an additional outlet for Iraq’s oil to reach the Mediterranean Sea.
- Both countries agreed to form a joint technical working group to assess the project.
- The discussions were described as positive by Lebanon's Minister of Energy, Jo Saadé.
Points of divergence
- The proposal involves restoring and expanding the historical Kirkuk-Baniyas pipeline passing through Syria with a branch to the Lebanese port of Tripoli. — kommersant
- The discussions go beyond merely restarting the old pipeline line, including potential construction of a new pipeline branch from Syria to Tripoli and consideration of building an oil refinery in Lebanon to meet domestic demand. — interfax
Coverage (2 sources)
- Lebanon Proposed a Route for Iraq to Transit Oil Bypassing the Strait of Hormuz — Коммерсантъ
- Lebanon Proposed a Route for Iraq to Transit Oil Bypassing the Strait of Hormuz — Интерфакс
Key entities
- Lebanon
- Iraqa
- Baghdad
- Ormuz Strait
- Ormuz Strait
- Mediterranean Sea
- The National
- Moscow
- INTERFAX.RU
- OPEC
- Ali al-Zaydi
- Мудхира Мохаммеда Салиха