The United States welcomes the Government of the Republic of Iraq and the Government of the Syrian Arab Republic’s intent to advance the rehabilitation and reconstruction of the Iraq-Syria crude oil pipeline as a priority infrastructure project of bilateral and regional strategic significance. Both countries recognize the strategic objective of restoring a critical energy corridor linking Iraqi oil production to Mediterranean export markets and beyond. The United States welcomes the engagement of a U.S.-led international consortium to execute the technical and financial aspects of this project. Upon rehabilitation, this groundbreaking project will have an initial transport capacity of 2 million barrels per day of crude oil.

Today’s announcement marks an important milestone for the region and for Syria-Iraq relations. The commitment of both countries to work jointly to rehabilitate and operate the pipeline, create a legal framework, and engage constructively with the consortium advances security and stability through prosperity, made possible by the vision and leadership of President Donald J. Trump.