Banias (208)

01-07-2020

The government has once again extended the bidding deadlines for six power projects after failing to attract contractors and funding. However, two small turbines in Banias and Deir-ez-Zor have been rehabilitated.

08-06-2020

This article is an updated and expanded factsheet on the economic and business relations between Syria and Iran as of June 2020.

27-04-2020

This article is an updated and expanded factsheet on the economic and business relations between Syria and Russia as of April 2020.

14-04-2020

In this 4,400-word factsheet, we provide a profile of the main businesses and economic institutions affiliated with the Syrian Ministry of Defence.

01-04-2020

Iranian supplies of crude oil to Syria seem to have accelerated in recent weeks, according to various sources.

18-03-2020

The list below includes all the Syrian individuals, entities, aircrafts and vessels that have been put under sanctions by the U.S. Administration since 2005.

19-02-2020

The list below includes the names of all the individuals that have been blacklisted by the European Union since the beginning of the Syrian uprising in March 2011.

19-02-2020

The list below includes the names of all the Syrian entities that have been blacklisted by the European Union since the beginning of the uprising in March 2011.

05-02-2020

Syria’s oil and gas infrastructure has been attacked twice this week after several similar incidents in recent months which may indicate that the country’s energy infrastructure is being systematically targeted.

08-01-2020

The government has frozen the assets of Rami Makhlouf, a step that appears to follow previous restrictions on the once-powerful businessman, but which could still be reversed.

27-11-2019

The Syrian President has sent parliament a draft law to ratify three contracts awarded to the Katerji brothers to build two oil refineries and develop the Banias oil terminal.

13-11-2019

An explosion at the Banias Refinery last week killed a worker and could impact the distribution of oil products if the damage is extensive.

02-10-2019

In the past few weeks, a Danish company has faced charges of supplying jet fuel to Russian forces in Syria in violation of EU sanctions, Russian entities have been blacklisted by OFAC on the same charges, while a Syrian investor saw his blacklisting confirmed by an EU court.

25-09-2019

Bilateral trade between Syria and Turkey declined by around 9 percent in the first half of this year, Turkish official data show.

24-07-2019

An Iranian tanker has docked in Banias and delivered a new shipment of crude oil although overall Iranian oil supplies to Syria have decreased so far this month.

10-07-2019

Almost a week after a super-tanker heading to Syria was seized in Gibraltar, another tanker full of Iranian crude oil is now expected to dock in Banias.

03-07-2019

Syrian private sector banks are expanding their branch network across the country.

25-06-2019

The market for oil products in Syria has remained stable in the past weeks despite an attack on submarine pipelines linked to the Banias Port.

29-05-2019

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.

15-05-2019

Oil shortages in Syria have eased somewhat as the government receives a shipment from Iran and seeks alternative solutions.

23-04-2019

The shortages of energy products are increasing economic hardship for Syrians and posing various types of economic and public services challenges.

23-04-2019

Syria is set to handover to Russia the commercial port of Tartous, another major economic asset Damascus is giving away.

16-04-2019

In 2017, for the sixth year in a row, Syria’s gross domestic product declined, although at a slower pace than in previous years, while the government’s contribution fell significantly, official data show.

27-03-2019

The following is the OFAC advisory warning actors of the global maritime industry involved with supplying oil to Syria. This text is published following its update of March 25, 2019.

15-01-2019

Updated on January 23, 2019 - An explanation for the decline in revenues has been added.

Data from Syria’s two main ports indicate a small increase in their traffic last year.

29-10-2018

The volume of containers handled by the Lattakia Port increased in the first nine months of this year, official data show.

25-09-2018

Government sources have confirmed Syria’s current output of crude oil and that most oil is still supplied through tankers.

11-09-2018

The U.S. Treasury has blacklisted a number of Syrians and other nationals and entities associated with Syria’s oil procurement networks, including one of the most prominent war profiteers.

19-06-2018

Three new Syrian nationals have been indicted by the U.S. Department of Justice for violating sanctions.

12-06-2018

Reports on an oil deal between the regime and the PYD have highlighted the continuing prominence of a new Syrian business figure.

15-05-2018

This table provides data on the nominal and current capacity of the power generation plants operated by the state-owned electricity utility.

15-05-2018

The production of electricity by Syria's power plants between 2011 and 2017.

27-03-2018

Syria’s power generation utility wants to raise some USD 147 million to fund several renewable electricity generation projects.

05-03-2018

Syria has issued a tender to improve the efficiency of three of its power plants and reduce their consumption of fuel oil.

06-02-2018

Syria has signed a “roadmap agreement” with Russia to build some 2,650 MW of new power plants and turbines, despite the fact that there is no money to pay for these projects, which are worth more than EUR 2 billion.

30-01-2018

Syria’s oil and gas production increased noticeably this year, but output still remains very low and is unlikely to increase by much in the near future.

14-11-2017

UNDP has issued a tender for a consultancy work on the Banias Power Plant as it seeks to prevent a shutdown.

14-11-2017

Data from the Syrian government provide indications on the sources of Syria’s crude oil procurements.

14-11-2017

Despite losing billions in the past years, Syria’s transport sector can still rely on its infrastructure that is mostly functioning.

31-10-2017

This table provides data on the nominal and current capacity of the power generation plants operated by the state-owned electricity utility.

19-09-2017

Syria and Iran signed last week several agreements in the electricity sector worth hundreds of millions of dollars although most of them will likely remain ink on paper.

11-07-2017

The Syrian Government continues to import substantial volumes of crude oil thanks to Iran’s financial support, an official has said.

23-05-2017

Iran is resuming oil supplies to Syria after a hiatus of several months, a government official has said.

09-05-2017

The Ministry of Petroleum and Mineral Resources has released production data for the first quarter of this year, although some of the numbers do not seem realistic.

18-04-2017

A large governmental delegation has spent several days in the Tartous governorate last week promising billions of pounds in development projects.

07-02-2017

The suspension of Iranian supplies of oil products is forcing the Syrian government to import large volumes from other countries and to open import trade to the private sector as severe shortages impact most of the country.