Islamic State (332)


The Raqqa Civil Council has announced a set of new projects to improve living conditions and economic activity in the northeast.


Two new wells started production north of Damascus last week adding capacity to Syria’s gas production.


Syria has established a EUR 80 million joint venture with unidentified private sector investors to develop asphalt deposits near Deir-ez-Zor.


The text of U.N. Security Council resolution 2401 (2018) adopted on February 24, 2018 caling on a cessation of hostilities in Syria.

The text of the resolution reads as follows:

         The Security Council,


The bank accounts of the World Chess Federation have been closed over sanctions imposed on its president for dealing with the Syrian government.


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 two main ports of Tartous and Lattakia witnessed increased activity in 2017 on the back of growing imports.


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.


The Raqqa Civil Council has announced several new economic initiatives as it strives to restore normal life in the city.


The text of U.N. Security Council resolution 2393 (2017) adopted on December 19, 2017, renewing for twelve months the authorization granted on July 2014 to the United Nations and its partners to deliver aid across borders not controlled by the Syrian Government.


Recent statements by American officials but also reports from Raqqa suggest that the United States is considering getting involved in some form of reconstruction in Syria’s northeastern region.


The Minister of Petroleum has set production targets for both oil and gas for next year and 2019.


A Russian state entity has signed an agreement to develop Syrian oil, gas and mining assets, confirming Moscow’s increasing appetite for Syria's underground resources.


Gas supplies will continue to increase relatively significantly next year in Syria, according to government officials.


A selection of reports, papers and articles on Syria.


Samer Foz, the increasingly powerful and visible Syrian investor, is expanding his investment portfolio with a new venture in the pharmaceuticals sector.


The advance of regime forces in the eastern region of Syria has enabled the government to take control of wheat stocks and increase the volumes procured locally.


The government’s reconstruction committee has announced that it would allocate money for the areas of Deir-ez-Zor that were taken back from the Islamic State last week.


The Damascus Securities Exchange's main index posted in October its second largest monthly increase since the beginning of 2017.


On Sunday 22 October, the U.S.-backed Syrian Democratic Forces captured the large Omar Field east of Deir-ez-Zor, effectively leaving the Syrian regime without direct control on any of the country’s largest oil fields.


Syria’s production of phosphate has restarted after a stoppage of almost 18 months, but the revenues the government will collect will be limited.


Engineering works at the Ebla Gas Plant are set to increase the supply of natural gas to Syria’s power grid.


Lafarge, the French building materials global company, reportedly paid various armed groups in Syria, including the Islamic State, in order to protect its factory located in the north of the country as it hoped to remain operating and benefit from reconstruction.


The Deir-ez-Zor gas plant is a gas processing and gathering plant located northwest of the city of Deir-ez-Zor.


The takeover of a large gas field near Deir-ez-Zor by Kurdish-affiliated Syrian opposition groups last week draws many economic and political implications for a range of local, regional and international actors including the Syrian regime, Iran, the U.S. but also Russian private contractors.


The value of the Syrian pound relative to the dollar continued to rise in recent weeks although the trend is unlikely to last.


The Syrian government has revised upward its end-of-year targets for oil, gas and phosphate production.


A weekly selection of reports, papers and articles on Syria.


The success by the Syrian regime and the various militias affiliated to it last week in breaking the siege of Deir-ez-Zor could pave the way for important long-term economic benefits.


Syria’s consumption of oil products stabilized in past months as regular imports from Iran continued, according to a government official.


A weekly selection of reports, papers and articles on Syria.