Key facts
- Iraq will continue exporting oil via Syria's Baniyas port.
- This route will remain operational even if the Strait of Hormuz reopens.
- Initial crude exports via Syria are projected to be around 50,000 bpd starting in July.
- Fuel oil is already being trucked to Baniyas for export.
- Syria is enhancing port infrastructure to accommodate increased volumes.
Iraq is establishing a permanent oil export route through Syria's Baniyas port, a move designed to mitigate risks associated with the Strait of Hormuz. This emergency workaround, implemented after disruptions to the country's primary export channels, will continue even if shipping through Hormuz normalizes. Iraqi officials anticipate starting crude exports via Syria at approximately 50,000 barrels per day as early as July, with fuel oil already being transported by truck for export to European and African markets. Syria is actively expanding port facilities and related infrastructure to manage the anticipated increase in volume.