Saudi Arabia’s ADES To Develop Syrian Gas Projects

12 Dec 2025 Issue: 68 / 50 By: Jamie Ingram

Saudi Arabia is firming up pledged investments to rebuild Syria’s battered energy sector. Four Saudi companies, all of which are backed to varying degrees by the PIF, this week signed contracts to help develop oil and gas reserves. ADES aims to significantly increase Syrian gas output in 2026.

The Syrian Petroleum Company (SPC) signed contracts with four Saudi firms on 10 December for the development of its oil and gas reserves. Saudi Arabia has been an early supporter of the new government of President Ahmed al-Sharaa, and its pledges of support are now turning into concrete investments (MEES, 1 August). As with Turkey and Qatar, Saudi Arabia is seeking to leverage its expertise in the energy sector to strengthen its political influence in Damascus.

This week’s agreements were with ADES Holding, Taqa, Arabian Drilling and the Arabian Geophysical and Surveying Company (ARGAS) and follow the signing of memoranda of understanding (MoU) signed on 28 August (MEES, 1 August). The agreements were signed at Syria’s Ministry of Energy in Damascus. (CONTINUED - 973 WORDS)