Syria’s oil and gas sector has suffered indirect and direct losses totalling USD 107.10 billion from the start of the uprising in 2011 until mid-2022, according to the Ministry of Foreign Affairs and Expatriates. Meanwhile, the Ministry of Petroleum provided a breakdown of oil and gas production during the first half of the year
Low water levels are straining Syria’s agricultural sector and forcing Syrians to face rising prices and water-borne diseases as the country endures a severe and long-term drought, according to various reports and statements.
President Bashar Al-Assad and his family made their first visit to the Aleppo governorate since the beginning of the 2011 conflict. They met with several economic, social, and religious figures, participated in social engagements, and visited various infrastructural projects, including the Aleppo Thermal Power Plant, which Iran's MAPNA Group recently rehabilitated.
For nearly a month, the Fourth Division of the Syrian Army and the Syrian Democratic Forces (SDF) of the Autonomous Administration in North and East Syria (AANES) have imposed mutual sieges on one another, further impacting the economic situation in these areas.
The following is an interview conducted by The Syria Report with John Bell, the managing director of Gulfsands Petroleum, a London-based oil and gas company that is the operator and joint-owner of Block 26 in northeast Syria. Among other things, this interview sheds light on sanctions, the potential production and revenues of Block 26, and illegal production by SDF and its affiliated oil companies. It also reveals how early recovery has become an increasingly prevalent framework through which companies and organisations re-frame their activities in Syria in an effort to be exempted from sanctions.
Turkey has nearly completed building a concrete wall along its border with Syria, while Iraq has launched work to build a concrete border of its own.
Since late February, several U.S.-based news agencies and local opposition media outlets have reported that the U.S. government will soon issue a decision to exempt Kurdish- and opposition-controlled areas in Syria from sanctions against the government.
Last month, the Autonomous Administration of North and East Syria (AANES) lost its main gateway to the outside world and a crucial financial lifeline after the Kurdistan Regional Government (KRG) suddenly closed two border crossings that link Northeast Syria to the Kurdistan Region of Iraq (KRI). Consequently, all trade, including that of oil, has been suspended, as well as cross-border movements for all actors, including NGOs.
The Autonomous Administration in North and East Syria (AANES) has increased the monthly salaries of doctors, dentists, and pharmacists who work in its medical centres by 30 percent.
The Syrian government has reportedly reached a new agreement with the Syrian Democratic Forces to increase the number of trucks carrying crude oil from Northeast Syria to government-controlled areas, as well as those carrying refined fuel in the other direction to areas administered by the Autonomous Administration of North and East Syria.
The Autonomous Administration in North and East Syria (AANES) has raised wages for its employees and contractors by 30 percent as it prepares to implement a controversial new tax law.
The Kurdish-led Syrian Democratic Forces seized control of three flour mills from the state-owned Syrian Grain Establishment (SGE) in the northeast of the country early last month, reflecting the growing strategic importance of the bread supply chain.
Kurdish-dominated authorities in northeastern Syria saw their revenues decline by nearly a fifth in 2020, according to fiscal data published by an independent centre in northeastern Syria drawing on the Autonomous Administration in North and East Syria’s (AANES) 2020 annual report.
Syria’s oil and gas sector has suffered USD 91.5 billion in losses since the start of the conflict in 2011, the Ministry of Petroleum and Mineral Resources said.
More details have emerged about an American company which appears to have won exclusive rights to develop and market oil produced in northeastern Syria after obtaining a sanctions waiver from the U.S. government.
The government has doubled the price of fuel oil and increased the price of petrol by 80 percent, a move that will significantly increase prices across the Syrian economy, and reduce both the competitiveness of Syrian manufacturers and the purchasing power of the population.
The Ministry of Petroleum and Mineral Resources has announced a new increase in gas production across several wells and facilities in the country.
An American company has signed a contract with the Syrian Democratic Forces to develop oil production and marketing in northeastern Syria and has received a sanctions waiver from the U.S. administration.
The Syrian Grain Establishment (SGE) has invited grain traders to bid for the supply of 200,000 tons of soft milling wheat sourced from Russia.
The opposition-affiliated trust fund financing projects in areas outside government control announced that it was stepping up its efforts to mitigate the impact of the Coronavirus in northern Syria as well as moving ahead with various development projects east of the Euphrates.