Dec 17, 2007

Syria and Iraq to reopen oil pipeline

Syria and Iraq on Monday agreed to reopen the oil pipeline linking Kirkuk in Iraq's northern oil fields to Syria's port city of Banias in the Mediterranean Sea, the official SANA news agency reported.
The agreement was included in the minutes of bilateral meetings, signed by Syrian Deputy Premier for Economic Affairs Abdullah Dardari and his Iraqi counterpart Barham Ahmed Saleh, covering cooperation between Syria and Iraq in the fields of transport, oil, gas, banks, infrastructure, technology and communications.
The two sides also encouraged competent engineering companies to offer tenders for establishing tanks to exchange oil products in the border region of al-Yarubya.
According to SANA, the minutes stipulate for activating the work of a joint ministerial committee mentioned in a cooperation agreement on economy, trade, education, technology and culture.
The two sides also agreed to establish a Syrian-Iraqi business council during the next meetings of the committee due to be held in February 2008 and make use of the rules of an agreement on protecting and encouraging investments between the two states.
Syrian public constructional companies will contribute to rebuilding Iraq, putting executive mechanisms to establish a joint company for infrastructure in Iraq and activate cooperation in the fields of communication and technology, said the report.

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