Iraqi Ministry of Petroleum spokesman Salim Rikabi said that after signing the agreement, it may take 2 to 3 years to build a new oil pipeline from Iraq's Basra oil field to Haditha, and then extend to Baniyas, Syria, and Ceyhan, Turkey, respectively. The pipeline's designed oil transportation capacity may reach 2 million barrels per day, and the project cost is about 15 billion US dollars.

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