Oil, Gas & Mining

The Ministry of Petroleum and Mineral Resources is seeking to maximise the procurement of oil from the eastern region as it continues to look for alternative sources to meet shortages.
The General Establishment of Geology and Mineral Resources (GEGMR) has asked the Ministry of Economy and Foreign Trade to stop imports of salt following an increase in domestic production.
Oil shortages in Syria have eased somewhat as the government receives a shipment from Iran and seeks alternative solutions.
The Ministry of Petroleum and Mineral Resources has tightened further the allocation of oil products sold to private car owners as part of its efforts to face the massive shortage in oil products.
A private sector company owned by influential investors has gained a quasi-monopoly on the import into Syria of oil products, highlighting the key role this company plays as the government battles to reduce shortages.
The Syrian Gas Company has lost some SYP 1.2 trillion since 2011, its general manager has said.
The shortages of energy products are increasing economic hardship for Syrians and posing various types of economic and public services challenges.
The Ministry of Petroleum and Mineral Resources has decided to reduce further the petrol it is allocating to individual car owners as shortages harden across Syria resulting in increased pressure on the currency.
A company affiliated to Hayat Tahrir Al-Shaam (HTS) has monopolized the distribution of oil in areas under its control and sources its products from Europe.
As energy shortages get more acute the Syrian government has announced plans for a more severe rationing of petrol and blamed Egypt for preventing Iranian oil supplies through the Suez Canal.
OFAC has issued an update to its warning to the global maritime industry against shipping oil to Syria in a bid to tighten further supplies.
Syria’s unrelenting energy crisis is pushing the government to try various solutions, including new supplies from the northeast and more import licenses to private investors.
The Syrian government has allowed the private sector to import liquefied petroleum gas in order to meet a shortage in supply.
Opposition media are reporting that oil supplies from Kurdish to regime areas are ongoing through the intermediation of a Syrian business family recently put under sanctions.
The Syrian minister of petroleum has said that western sanctions were behind the shortages of Liquefied Petroleum Gas in the market, which have now been ongoing for more than two months.


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