After seven years of war, Syria may finally be approaching the endgame. President Assad’s government is turning its attention to post-war recovery. The hydrocarbon sector is crucial: oil exports accounted for 30% of pre-war revenue and, after billions in investment, gas output was just ramping up when war took off. But EU and US sanctions will make attracting investment an uphill task – all eyes are on Russia.
Crude Output | 0.1 | mn b/d |
Gas Output | 4 | bcm |
Peak Load | 4 | GW |
Refining Capacity | 0.245 | mn b/d |
13 Dec, 2024
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The brutal 53-year reign of the house of Assad has ended in Syria, sparking major regional geopolitical repositioning. The Islamist-led power grab has left both the West and Gulf monarchies wary. Can the new rulers in Damascus prove capable of reaching an inclusive political settlement that leads to international recognition?
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