• 3 minutes Nucelar Deal Is Dead? Iran Distances Itself Further From ND, Alarming Russia And France
  • 5 minutes Don Jr. Tweets name Ukraine Whistleblower, Eric Ciaramella. Worked for CIA during Obama Administration, Hold over to Trump National Security Counsel under Gen McCallister, more . . . .
  • 9 minutes Shale pioneer Chesepeak will file bankruptcy soon. FINALLY ! The consolidation begins
  • 12 minutes China's Blueprint For Global Power
  • 3 mins Science: Only correct if it fits the popular narrative
  • 4 hours Crazy Stories From Round The World
  • 1 day EU has already lost the Trump vs. EU Trade War
  • 12 hours What are the odds of 4 U.S. politicians all having children working for Ukraine Gas Companies?
  • 18 hours Do The World's Energy Policies Make Sense?
  • 1 day China's Renewables Boom Hits the Wall
  • 3 hours Iran Burning: Shock Gas Price Hike Triggers Violent Protests After Subsidy Cuts
  • 1 day Forget out-of-date 'dirty oil' smear, Alberta moving to be world's cleanest oil industry
  • 21 hours Impeachment Nonsense
  • 3 hours Atty General Barr likely subpeona so called whistleblower and "leaker" Eric Ciaramella
  • 1 day Water, Trump, and Israel’s National Security
  • 2 days Pioneer's Sheffield in Doghouse. Oil upset his bragging about Shale hurt prices. Now on campaign to lower expectations, prop up price.
  • 2 days Tesla Launches Faster Third Generation Supercharger

Breaking News:

Russia Plans To Boost Crude Oil Exports

Iran-Iraq-Syria Pipeline Must Tempt Europe

Bottom Line: As Iraqi, Syrian and Iranian oil ministers meet in southern Iran to sign an MOU for the construction of the tri-country gas pipeline; a new picture emerges from the rubble of the Syrian conflict.

Analysis:  On 25 July, Iran, Iraq and Syria signed a deal for the construction of what would end up being the largest gas pipeline in the Middle East, running gas from Iran’s South Pars field to Europe, via Lebanon and the Mediterranean Sea. The Memorandum of Understanding was signed by Iraqi Oil Minister Abdelkarim al-Luaybi, Syrian Oil Minister Sufian Allaw, and Iranian caretaker Oil Minister Mohammad Aliabadi in Assolouyeh, southern Iran. The deal will see Iranian gas transited to Greece and elsewhere in Europe via a 6,000-kilometer pipeline that traverses Iraq, Syria and Lebanon under the Mediterranean.  The project will cost around $10 billion and will take between 3 and 5 years to complete. Right now it’s in the feasibility study stage, with a final agreement hoped for by the end of this year. Once complete, it should be able to handle about 110 million cubic meters of natural gas per day.

Recommendation: We have stressed numerous times that this is one of the main reasons for the conflict in Syria. Right now there is a race on to get gas through this region, to Europe. This was Qatar’s main goal of meddling in Syria—and now Qatar has been largely sidelined having extended its reach a bit too far. (Qatar shares the Pars…




Oilprice - The No. 1 Source for Oil & Energy News