Banias (204)


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.


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.


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.


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.


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.


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.


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


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.


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


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.


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.


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


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.


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.


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


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


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


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.


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.


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.


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


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


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.


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


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


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


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


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


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


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.


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.


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


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


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


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


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.


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


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


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.


In this 2,500-word factsheet, we provide an overview of Syria’s economic and financial relations with Russia.


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


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.


The expected takeover by Iran of one of Syria’s ports has not yet materialised as traffic remained stable last year in the two ports of Lattakia and Tartous.


The signing today of several economic agreements in Tehran has confirmed the heavy price Syria is paying for the support of Iran to the Syrian regime, including the transfer of phosphate mines and a maritime port to Iranian companies in addition to the control by the Revolutionary Guards of a Syrian mobile phone license.


A new private university backed by the Syrian first lady has opened its doors in the coastal city of Lattakia.


A new government report has cast doubts on the actual level of oil production in Syria.