Iraqi Oil Minister Basem Mohammed Khader announced that Iraq has reached an agreement with a consortium led by US oil giant Chevron, alongside Qatari firm TAVYSS, to build a pipeline from Basra in southern Iraq to the north. The pipeline is expected to have a capacity of 2 million barrels per day, with the project cost estimated at over $15 billion.
Iraqi Oil Minister Basem Mohammed Khader announced Saturday that Iraq has reached an agreement with a consortium led by US energy giant Chevron, alongside Qatar's TAVYSS, to build a crude oil pipeline from Basra in southern Iraq to the north. The pipeline is designed to carry 2 million barrels per day, with an estimated cost exceeding $15 billion.
The project is part of a broader effort to reduce Iraq's reliance on the Strait of Hormuz for oil exports — a chokepoint that has been a focus of US-Iran tensions. The Zioneer has previously reported on related initiatives: Chevron signed a memorandum of understanding with Iraq in July for a supply route bypassing the Strait of Hormuz; Turkey and Iraq reached an interim agreement to operate the Iraq–Turkey pipeline, with plans to boost exports to 750,000 bpd; and US-backed plans for a pipeline through Syria to the Mediterranean have also been discussed.
The new pipeline would run entirely within Iraq, connecting southern fields to northern infrastructure, potentially linking to existing export routes to Turkey or the Mediterranean. The involvement of Chevron and a Qatari partner signals deepening US and Gulf state engagement in Iraq's energy infrastructure, as Baghdad seeks to diversify export routes amid regional instability.
The project is still in the announcement phase; details on financing and timeline were not immediately provided.
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