business

Chevron and Iraq Collaborate on Pipeline Project to Avoid Strait of Hormuz

16 Temmuz 2026Financial Times

Chevron and Iraq are collaborating on a new pipeline project aimed at bypassing the strategically critical Strait of Hormuz. This initiative is backed by a consortium that includes a Syrian-Qatari group and a Los Angeles venture firm associated with Trump ally Tom Barrack.
The project seeks to enhance energy security and reduce reliance on traditional shipping routes.
The Strait of Hormuz is a vital chokepoint for global oil transport, with a significant percentage of the world's oil passing through it. Any efforts to bypass this route are indicative of the increasing concerns over security and geopolitical tensions in the Middle East.
This pipeline project represents a significant shift in regional energy dynamics, particularly as it seeks to circumvent the vulnerabilities associated with the Strait of Hormuz. By involving key players like Chevron and a consortium with political connections, the project not only highlights the importance of energ…

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