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Reuters: Oil supplies from northeastern Syria to Damascus begin

Arab| 22 February, 2025 - 10:33 PM

Yemen Youth - Follow-ups

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Sources said the SDF would likely need to give up control of oil revenues as part of any settlement.

SDF commander Mazloum Abdi said last month that his forces were open to handing over responsibility for oil resources to the new administration, provided the wealth was distributed fairly across all provinces.

Oil figures in Syria

The new management of the oil sector in Syria faces major challenges in rehabilitating the oil fields and restoring production to its previous levels.

Before the revolution, Syria was an oil-exporting country with significant self-sufficiency in petroleum derivatives.

According to the Organization of Arab Petroleum Exporting Countries (OPEC), Syria's production in 2011 amounted to about 380,000 barrels per day, of which 238,000 barrels were refined locally, and the remainder was exported with an annual revenue of about $3 billion.

After 2012, production became 140 thousand barrels as an average production, which is the last official statistic published by the deposed Assad regime, and this made Syria need about 200 thousand barrels per day.

Syria's proven oil reserves are estimated at 2.5 billion barrels in the latest statistics for 2015, according to what was published by the American specialized energy magazine.

Syria has three ports for export and import on the Mediterranean Sea: Tartous, Latakia and Banias.

Source: Al Jazeera + Reuters

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