Barter (44)


Syrians consumed an average of 4.4 kg of olive oil per capita in 2019, according to the International Olive Council, a global lobbying group.


A new factory to produce vegetable oil and soap has been set up in Hassakeh province under the control of Kurdish-dominated authorities, according to local media reports, some of which have linked the project to a war profiteer who has grown increasingly prominent throughout the conflict.


Syrian President Bashar Al-Assad has ratified an amendment to an Iranian credit line worth USD 1 billion, removing the final barriers to the long-delayed deal and further cementing Tehran’s economic and political influence in the country.


The Syrian government said it will barter key food commodities with Tehran as difficulties with sanctions and foreign currency shortages disrupt the country’s ability to secure vital imports.


The government has awarded an unknown Serbian-Omani venture, which appears to be a front company for unidentified investors, a contract to extract phosphate from mines near Palmyra, according to a reliable local publication, which has since deleted its story.


Syria's citrus fruit production, which represents an important source of economic activity and employment in the coastal area, is set to decline to its lowest level in at least five years.


Updated on March 14, 2021: Since the end of June, several subsidised food commodities are no longer being sold by the Syrian Trade Establishment because of various difficulties importing these products. If the problem remains unresolved, the food security of more Syrians will be in danger.


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


A Syrian state entity has announced that it will begin bartering phosphates for equipment and repair services as it finds itself incapable of paying foreign suppliers.


Syria has issued a new tender to import wheat from Russia.


Despite a good harvest, the Syrian government is continuing to import wheat at a significant scale.


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


Russian oil engineering companies are reportedly already active in Syria as the Syrian President said that new contracts would be granted to them.


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.


The visit last week by an Iranian delegation to Damascus marks one of the first major attempts to deepen business ties between the two countries.


The Syrian government has cancelled a wheat barter deal with an Italian company on unclear grounds.


Syria’s foreign minister said today that Russia has promised new aid to his country, although the last request for aid made by Damascus last fall was rejected by Moscow.


Syria has issued a tender for the supply of 150,000 tons of soft wheat to be paid by an Iranian credit line.


Syria is to receive an important shipment of wheat from Russia, according to a local report.


Syria is negotiating with Italian traders for a barter deal to import bread-making wheat.


The text of U.N. Security Council resolution 2199 (2015) adopted on February 12, 2015, requiring Member States to take steps to prevent terrorist groups in Iraq and Syria from benefiting from trade in oil, antiquities and hostages, and from receiving donations.


The Syrian Government has signed a contract for a barter deal, the first since the beginning of the uprising.


Syria has applied to join the Shanghai Cooperation Organisation, according to the deputy Minister of Economy.


Following an agreement signed last December with the Syrian government to search for offshore oil and gas reserves, Soyuzneftegaz, a Russian company, is eyeing the construction of an oil pipeline from Iraq to the Syrian coast.


The Syrian government signed a production sharing agreement for the exploration and development of an offshore block, a move that was swiftly condemned by the opposition National Coalition as an “oil for arms” barter deal.


The English transcript of the interview of Syrian President Bashar Al-Assad with Al-Ikhbariya TV in 2013.


The Syrian government is paying some USD 500 million every month to import oil products, the minister of petroleum and mineral resources said.


Syria has taken delivery of a new shipment of gas oil as it increased its imports of oil products in recent weeks, Reuters reported.


The Minister of Petroleum has said that his government has signed long-term contracts with foreign companies for the supply of oil products to Syria.


The government wants to expand barter deals with foreign countries by establishing a special committee that will oversee this type of agreements and adopt a framework for them.


Syria is set to start exporting 33,000 barrels of crude oil a day to Russia, according to the prime minister.


Syria’s policy on the sale of gas oil, or mazout, is again this year a source of all sorts of rumours and debates as the winter season nears.


Russia and Iran are increasing their efforts to prop up the Syrian economy through various barter, trade and financial deals, as economic pressures continue to pile.


The Syrian economy will not collapse and GDP growth will be positive this year, Mohammad Jleilati, the Minister of Finance, was quoted as saying in a press interview.


Mohammad Jleilati, the Minister of Finance, has said that his government was finalising discussions with Russia to print money there, a move that signals a potentially growing economic dependency of the Syrian government towards Moscow.


Syria received 35,000 tons of diesel from Venezuela last week, one of several deliveries of energy products it expects to receive in the coming weeks to alleviate shortages in the country, its Minister of Oil said.


The estimated cost of the oil export sanctions imposed by the west on Syria has risen to USD 4 billion, according to Sufian Al-Allao, Minister of Oil.


The Syrian Government has decided to carry barter deals to circumvent the impact of international sanctions on the Syrian economy, according to a local newspaper.


The General Establishment for Cereals Processing and Trade is importing 200,000 tons of soft wheat this year in order to meet quality requirements at its mills, according to the company’s management.



Syria’s wheat production in 2007/2008 will be lower than projected due to a poor raining season and is now expected to stand at around 4 million tons.



Syria’s production of cotton is expected to drop by a third in the 2006/2007 crop to 650 000 tons


Syria’s wheat production remained strong at 4.7 million tonnes according to the latest annual Grain and feed report of the Foreign Service of the US Department of Agriculture (FAS-USDA).

The Syrian General Organization of Foreign Trade signed an agreement with the Holding Egyptian Company in order to import 100,000 tons of Egyptian rice at a cost of USD 43 million.

The export of cereals is leading to a loss of SYP 12 billion a year (USD 230 million) for the Syrian treasury, according to Teshreen, the state-owned daily.