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 |
17 Jan, 2025
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Syria’s new government is grappling with fuel shortages after Iran ceased crude shipments while Western sanctions continue to complicate finding alternatives. Turkey is eager to fill the void as it seeks to cement influence in Damascus, but this risks complicating any reconciliation between the HTS-government and Syria’s Kurds.
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