Iraqi official and the Banias- karkouk oil pipeline

The Iraqi oil ministry secretary Taha Hamoud Mousa said in an exclusive statement to the London- based al-Sharq al-Awsat issued on Wednesday that joint technical committees representing the ministries of oil in both Syria and Iraq are currently following up and studying the establishment of a refinery to refine the Iraqi oil in Banias city on the Syrian coast.

The Iraqi official explained that joint studies between the ministries of oil in the two states were laid concerning this refinery which is expected to cost approximately US $ one billion.

Mousa, on the other hand, indicated that the oil pipeline lining Karkouk and Banias and Banias is still under experience and maintenance. He explained that the Syrian and the Iraqi sides have not yet set a date to start investing Karkouk- Banias pipeline.