Iraqi oil experts continue to raise doubts about the Kirkuk-Baniyas pipeline project. The concerns focus on its age, condition, and massive financial demands. This pipeline, first built in the early 1950s, now shows extreme wear and is no longer suitable for crude oil transport.
Oil specialist Hamza al-Jawahiri emphasized that restoring this pipeline is not a reasonable choice. He explained that the line was already weak when Syria secured it decades ago. At that time, the line was never used for crude but only for petroleum products. Since then, its condition has worsened.
According to him, any attempt to rehabilitate it would cost Iraq at least $10 billion. This amount excludes additional operational fees, Syrian transit charges, and risk expenses. Moreover, if Iraq funded the repair, the ownership would return to Syria after 20 years. He stressed that such terms offer no long-term benefit for Iraq.
Instead, al-Jawahiri argued that Iraq should rely on its Gulf export line. This route remains secure, cost-efficient, and independent of other countries’ control. Exporting through the Gulf costs about $0.60 per barrel, far less than the more than $15 per barrel via Baniyas.
He also pointed out that the Gulf line has a huge export capacity. It can handle over 6 million barrels per day, while Iraq’s southern production already reaches about 5.5 million barrels daily. Production will likely exceed 6 million barrels soon, keeping costs stable at $0.60 per barrel.
The Gulf route has another key advantage. It benefits from strong international protection and has remained open without interruption for over 70 years. This record makes it the most secure and efficient path for Iraqi oil exports.
Al-Jawahiri stated that the Kirkuk-Baniyas pipeline project would be a waste of Iraqi funds. He insisted that focusing on the Arabian Gulf export route is the best long-term strategy. This stance aligns with Iraq’s economic interests and energy security needs.
Meanwhile, discussions about regional energy cooperation continue. A Syrian official recently visited Baghdad to explore joint energy opportunities. However, experts believe the Kirkuk-Baniyas pipeline remains a poor investment choice under current conditions.