Oil, Gas & Mining

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.
The government has provided new data on Syria's production and trade of oil products as well as on its oil import bill.
The U.S. Administration is continuing its clampdown on Syria’s oil supply networks, highlighting the crucial role Iranian oil is playing in propping up the Syrian regime and the meaningful consequences on both the economy and regime any disruption of these supplies would cause.
The production of phosphate during the first ten months of the year appears to be well below the proclaimed targets of the government.
Demand for oil products in Syria appears to have increased by some 20 percent in the space of two years.


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