US backs revival of Iraq-Syria oil pipeline to reduce reliance on Strait of Hormuz

WASHINGTON: The United States is supporting efforts by Iraq and Syria to restore the Kirkuk-Baniyas crude oil pipeline, a move aimed at reducing dependence on the Strait of Hormuz amid ongoing regional tensions.

A US State Department official said the project would provide an alternative route for Iraqi crude exports and help reduce Iran's ability to disrupt global oil supplies through the strategic waterway.

The pipeline, which connects oil fields near Kirkuk in northern Iraq to Baniyas on Syria's Mediterranean coast, has remained largely out of service since it was damaged during the 2003 US-led invasion of Iraq.

The United States also expects American companies to participate in the project's reconstruction. Earlier on Tuesday, Bloomberg reported that Chevron could be involved in rebuilding the pipeline.

Responding to the report, Chevron said it does not comment on third-party statements or commercial matters.

The pipeline revival is part of broader regional efforts to diversify oil export routes and reduce reliance on the Strait of Hormuz, through which around 20% of global oil and gas supplies passed before the US-Israeli conflict with Iran began on February 28.

The initiative comes as the United States has reinstated a blockade around Iranian ports following attacks on commercial vessels in the Strait of Hormuz, which Washington has blamed on Iran.