TREE NEWS update: Syria’s national oil company plans to more than double crude production within a year, CEO Yousef Qiblawi said, with output targeted at about 250,000 barrels per day by end-2027 from roughly 110,000 bpd now through investment in existing fields. The company also plans to expand refining capacity. Syria currently relies on foreign-supplied crude and refined products, with Saudi Aramco, Trafigura and Vitol delivering under long-term agreements.
Syria Plans to Double Oil Output Within a Year as Foreign Operators Return
The significance is less the headline number than the mechanism: Syria is trying to convert returning foreign operators and existing-field workovers into self-sufficiency, after leaning on Saudi Aramco, Trafigura and Vitol for crude and refined products. That shift matters for regional trade flows, since barrels currently supplied under long-term agreements could eventually face a smaller Syrian import need. The refining expansion is arguably the harder half, given how much of Syria's fuel demand is met from abroad. Whether operators actually commit capital, and whether refining capacity moves in step with crude output, is the open question.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.