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|
|Refining Capacity||0.245||mn b/d|
1 Jul, 2022
London-based Gulfsands, frozen out of Syria since 2011, is trying to drum up interest in an oil-for-aid plan. Amid memories of Iraq’s notorious Saddam-era program, the initiative has yet to gain traction – either diplomatically, or among other firms with frozen Syrian assets. Could this change?
24 Jun, 2022
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