Iraq is about to reach a final agreement with the Syrian government to start exporting some 10,000 barrels a day of Iraqi crude oil to Syria and gradually increase that amount, a senior Iraqi oil official said Monday. "We are in the final stages of reaching an agreement to start exporting to Syria," the official told Dow Jones Newswires
Iraq is about to reach a final agreement with the Syrian government to start exporting some 10,000 barrels a day of Iraqi crude oil to Syria and gradually increase that amount, a senior Iraqi oil official said Monday. "We are in the final stages of reaching an agreement to start exporting to Syria," the official told Dow Jones Newswires.

The official said details of the agreement wouldn't be made public until it was signed officially between the two sides.

The Iraqi crude oil will be shipped to Syria through an existing pipeline which has been idle since the U.S.-led invasion in 2003. The pipeline was used to transfer some 150,000 barrels a day to the Mediterranean port of Banias when Saddam Hussein was the Iraqi leader.

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